David Nash has $100,000 to invest in a mutual fund. a. How many shares will he purchase

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David Nash has $100,000 to invest in a mutual fund.
a. How many shares will he purchase in a no-load mutual fund whose NAV is $50 per share?
b. How many shares will he purchase in a loaded mutual fund whose NAV is $50 per share and which has a front-loaded sales charge of 5 percent?
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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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