Larry Bander Purchased 280 Shares of the New Horizons Growth

question 72

Multiple Choice

Larry Bander purchased 280 shares of the New Horizons Growth Fund.The net asset value for each share at the time of purchase was $27.If this fund charges a 3.5 percent load, what is the commission amount he will pay the investment company?

• A)$27.00
• B)$9.80
• C)$264.60
• D)$100
• E)$280.00

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