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Problem 4-2 Front-End Loads (LO2) The World Income Appreciation Fund has current assets with a market value of $12.2 billion, 290 million shares outstanding, and

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Problem 4-2 Front-End Loads (LO2) The World Income Appreciation Fund has current assets with a market value of $12.2 billion, 290 million shares outstanding, and a current market price quotation of $44.05. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Front-end load 5.25 %

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