Question: DEC Mutual fund charges a 4% front-end load. Currently, the fund's shares have an offering price of $78.50. What is the net asset value per

DEC Mutual fund charges a 4% front-end load. Currently, the fund's shares have an offering price of $78.50. What is the net asset value per share (NAVPS) at the time of purchase?

A. $81.64

b) $75.36

c) $81.77

d) $78.50

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