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The offer price of an open-end fund is $15 and the fund is sold with a front-end load of 46) 5%. What is the fund's

The offer price of an open-end fund is $15 and the fund is sold with a front-end load of 46) 5%. What is the fund's NAV?

A) $14.25 B) $15.75 C) $15.79 D) $14.95

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