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Mary has $25,000 to invest in a mutual fund with a NAV = $25. Assuming a No load fund, how many shares can Mary purchase?
Mary has $25,000 to invest in a mutual fund with a NAV = $25.
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A. | A. 1,000 shares B. 1,000 shares | |
B. | A. 944 shares B. 1,000 shares
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C. | A. 1,000 shares B. 944 shares
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D. | A. 944 shares B. 944 shares
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