Question: A mutual fund charges a 2% front-end load and a Management Expense Ratio (MER) of 3%. Nestor invests $25,000 in the fund, and the Net

A mutual fund charges a 2% front-end load and a Management Expense Ratio (MER) of 3%. Nestor invests $25,000 in the fund, and the Net Asset Value Per Share (NAVPS) is $13.50, how many shares can he buy?

  • 1,852 shares
  • 1,828 shares
  • 1,759 shares
  • 1,809 shares
  • 1,815 shares

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