You wish to invest $17,445 in a mutual fund with a NAV of $26.03. The fund charges a front-end load of 4.50%. How many fund shares will you receive?
A) 595
B) 640
C) 616
D) 668
E) 628 ((1 - 0.045) * 17,445) /26.03
Correct Answer:
Verified
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