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The KLM Mutual Fund Has a Net Asset Value of $12.34

question 60

Essay

The KLM Mutual Fund has a net asset value of $12.34 and an offer price of $13.34.Use this information to answer the following questions.(Show all work.)
a.How many shares will you receive when you invest $1,000?
b.What is the immediate asset value of these shares?
c.What is the load charge for this transaction?

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Definitions:

Keratin

A type of protein found in hair, nails, and the outer layer of skin, responsible for protecting these structures.

Epidermis

The outermost layer of skin that provides a waterproof barrier and creates our skin tone.

Dermis

The thick layer of living tissue below the epidermis, containing nerves, blood vessels, sweat glands, and hair follicles.

Subcutaneous

Pertaining to or situated under the skin, often referring to the layer of tissue where fat is stored and where certain medications may be injected.

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