A Fund Is Set Up to Charge a Load

A fund is set up to charge a load.Its net asset value is $17.70 and its offer price is $18.60.Assume the fund increased in value by $.40 the first month after your purchased 100 shares.What is the total dollar gain or loss?

A) $50 gain
B) $50 loss
C) $40 loss
D) $40 gain
E) $90 gain