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The World Income Appreciation Fund has current assets with a market value of $6.6 billion, 155 million shares outstanding, and a current market price quotation

The World Income Appreciation Fund has current assets with a market value of $6.6 billion, 155 million shares outstanding, and a current market price quotation of $44.50. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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