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The offer price of an open-end fund is $17 and the fund is sold with a front-end load of 5%. What is the fund's NAV?

The offer price of an open-end fund is $17 and the fund is sold with a front-end load of 5%. What is the fund's NAV? Multiple Choice O $17.89 $17.85 $16.95 $16.15 9

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