If a mutual fund's net asset value is $23.40 and the fund sells its shares for $25, what is the load fee as a percentage of the net asset value?

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If a mutual fund's net asset value is $23.40 and the fund sells its shares for $25, what is the load fee as a percentage of the net asset value?
Related Book For answer-question

Basic Finance An Introduction to Financial Institutions Investments and Management

10th edition

Authors: Herbert B. Mayo

ISBN: 978-1111820633