Luke has decided to invest in mutual funds within a registered retirement savings plan (RRSP). The mutual
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Question:
Luke has decided to invest in mutual funds within a registered retirement savings plan
(RRSP). The mutual fund he wants to invest in has a net asset value per unit (NA VPU) of $12.00 with a 5% front-end load.
What is Luke's purchase price per unit when he takes the front-end load into account?
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