You Want to Buy 1,200 Shares of a Mutual Fund

question 71

Multiple Choice

You want to buy 1,200 shares of a mutual fund that has an NAV of $27.80.The fund charges a 3.75 percent front-end load.How much will you have to spend to make this purchase?

• A) $34,659.74
• B) $35,913.00
• C) $36,953.37
• D) $37,333.33
• E) $38,445.60

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