Multiple Choice
Morgan Phelps just purchased 200 shares in the Green Fidelity Fund.The purchase cost for each share was $40.If this fund charges a 6 percent load, what is the total amount of commission he will pay the investment company?
A) $200
B) $240
C) $400
D) $480
E) No commission is charged
Correct Answer:
Verified
Correct Answer:
Verified
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