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Tiffany Scott Puts $10,000 into a Load Mutual Fund

Question 139

Multiple Choice

Tiffany Scott puts $10,000 into a load mutual fund.She knows that her up-front sales commission is 6%.How much of her money actually goes to buy shares in the mutual fund?


A) $10,000
B) $9,400
C) $600
D) $10,600
E) $950

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