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The MaxFee Mutual Fund Has a Front-End Load of 8

Question 31

Multiple Choice

The MaxFee Mutual Fund has a front-end load of 8.5%. If its net asset value (NAV) per share is currently $32, for what price can an investor buy shares of the fund?(Round your answer to the nearest cent.)


A) $29.49
B) $34.97
C) $34.72
D) $29.28

Correct Answer:

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