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You just wired $6,000 to invest in a mutual fund at an offering price of $38.10 a share. The fund charges 5% of front end
You just wired $6,000 to invest in a mutual fund at an offering price of $38.10 a share. The fund charges 5% of front end load.
1) How many shares do you hold?
2) How much dollar amount of load did you pay?
3) Calculate NAV.
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