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Mike purchased a back end load mutual fund. The initial NAVPS was $10, at the time of her redemption the NAVPS had increased to $14.

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Mike purchased a back end load mutual fund. The initial NAVPS was $10, at the time of her redemption the NAVPS had increased to $14. The fund has a policy of charging back end fees based on the NAV at the time of redemption What would be the redemption price if the fund charged him a back end load free of 3%? $14.42 $9.70 $14.00 $13.58

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