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Steve Sharp Sees a Quote for a Mutual Fund That

Question 126

Multiple Choice

Steve Sharp sees a quote for a mutual fund that indicates the fund has a net asset value (NAV) of $26.60 and a public offering price (POP) of $28.00. Based on this, Mr. Sharp quickly ascertains that this fund must have:


A) a front-end load of 5.0%.
B) a front-end load of 5.3%.
C) either a front-end or rear-end load of 5.0%.
D) either a front-end or rear-end load of 5.3%.

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