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Homework answers / question archive / An investor invests $10,000 in a mutual fund that has a 6% front-end load

An investor invests $10,000 in a mutual fund that has a 6% front-end load

Finance

An investor invests $10,000 in a mutual fund that has a 6% front-end load. The NAV of the mutual fund is $20. How many shares of the mutual fund does the investor receive?

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