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PeakPerform, an open-end fund, has an offer price of $20 per share, and the fund is sold with a front-end load of 5%. What is

PeakPerform, an open-end fund, has an offer price of $20 per share, and the fund is sold with a front-end load of 5%. What is the fund's NAV?

$16.57

$18.74

$19.00

$17.10

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