If you had $12 000 to invest in mutual funds which had a 2 percent front end load fee and NAVPS of $15,how many units could you buy?

Name: If you had $12 000 to invest in mutual funds which had a 2 percent front end load fee and NAVPS of $15,how many units could you buy?
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Quizplus · Accepted Answer

The front-end load fee is 2% of $12,000, which is $240. So, the amount available for investment is $12,000 - $240 = $11,760. Dividing $11,760 by the NAVPS of $15 gives 784 units.

If You Had $12 000 to Invest in Mutual Funds