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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?


Definitions:

Cyber-fraud

The act of committing fraud using the internet or digital communications technology to deceive and illicitly gain from others.

Cyber-spoofing

The act of disguising one's identity online, typically by falsifying email addresses or manipulating caller ID information, often to deceive or defraud.

Criminal Simulation

In criminal law, the altering or falsifying of art objects, antiques, photos, films, recordings, manuscripts, and/or antiquities with the intent to defraud.

Forgery

The act of fraudulently making or altering a document with the intent to deceive or harm others.

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