You want to invest $17,445 in a mutual fund with a NAV of $26.03. The fund charges

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You want to invest $17,445 in a mutual fund with a NAV of $26.03. The fund charges an initial commission of 4.50%. How many shares of the fund will you receive?

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Investments An Introduction

ISBN: 978-0324561388

9th Edition

Authors: Herbert B Mayo

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Posted Date: May 19, 2023 07:21 AM

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You want to invest $17,445 in a mutual fund with a NAV of $26.03. The fund charges

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To calculate the number of shares you will receive you need to consider the initial comm... View the full answer

Investments An Introduction

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