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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 4%. What is the fund's NAV?
The offer price of an open-end fund is $15 and the fund is sold with a front-end load of 4%. What is the fund's NAV?
Multiple Choice $15.60 $14.40 $14.96 $15.63
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
