Sales charge:

Less than $25,000, 6%

$25,000 to $49,999, 5.75%

$50,000 to $99,999, 5%

$100,000 to $249,999, 4%

Here's an example of how breakpoint discounts on sales commissions for mutual fund investors work: Sales charge tessthan$25,000,6%$25,000to$49,999,5.75%$50,000to99,999,5%$100,000to$249,999,4% Nancy Dolan is interested in the T Rowe Price Mid Cap Fund. Assume the NAV is 19.18. a. What minimum amount of shares must Nancy purchase to have a sales charge of 5.75% (Round up to the nearest share even if it is less than 5. ) b. What minimum amount of shares must Nancy purchase to have a sales charge of 5% ? (Round up to the nearest share even if it is less than 5. .)