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You purchase 1,000 shares of an AGF mutual fund for $25 and hold it for 2 years, earning a 5% return, compounded monthly. The fund

You purchase 1,000 shares of an AGF mutual fund for $25 and hold it for 2 years, earning a 5% return, compounded monthly. The fund charges a back-end load of 4%. What are your net proceeds upon sale? $26,460 $27,563 $27,624 $26,519

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