If you invest $10,000 in a mutual fund with a NAV of $50 per share and a 5.5 percent back-end load,you will receive less than 200 shares in the fund.

Name: If you invest $10,000 in a mutual fund with a NAV of $50 per share and a 5.5 percent back-end load,you will receive less than 200 shares in the fund.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Explanation: A back-end load is a fee paid when selling shares, not when buying. Therefore, you initially buy $10,000 / $50 = 200 shares.

If You Invest $10,000 in a Mutual Fund with a NAV