Question: A mutual fund charges a 3% back-end load. If Connor invests $10,000 in the fund and the Net Asset Value Per Share (NAVPS) is $11.00,

A mutual fund charges a 3% back-end load. If Connor invests $10,000 in the fund and the Net Asset Value Per Share (NAVPS) is $11.00, how many units can he buy?

909 units
1,000 units
950 units
930 units
500 units

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