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You Invest $10,000 in a Mutual Fund with a NAV

Question 39

Multiple Choice

You invest $10,000 in a mutual fund with a NAV of $51.34 and a front-end load of 4 percent. How many shares will you purchase?


A) 186.99
B) 192.63
C) 194.78
D) 188.76
E) 190.27

Correct Answer:

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