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?

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The Answer of 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?

The KLM Mutual Fund Has a Net Asset Value of $12.34