A mutual fund has $380 million in assets and an offering price of $64.10. If the fund has a front-end load of 3.5 percent, approximately how many shares of the fund are outstanding? This fund has no liabilities.
A) 5,928,237
B) 6,056,281
C) 6,142,903
D) 5,723,109
E) 5,896,534
Correct Answer:
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