Marisa Callaghan just purchased 100 shares in the All-Inclusive Fidelity Fund.The purchase cost for each share was $30.If this fund charges a 6 percent load, what is the total amount of commission she will pay the investment company?

Question

Quizplus · Accepted Answer

The total amount of the purchase is $30 x 100 = $3,000.
Since the fund charges a 6% load, the commission paid is 6% x $3,000 = $180.

Marisa Callaghan Just Purchased 100 Shares in the All-Inclusive Fidelity