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A Mutual Fund with an 8% Load and a 1

Question 278

Multiple Choice

A mutual fund with an 8% load and a 1% redemption fee carries a current quote of $6.25 - $6.79. If an investor has tendered his shares for redemption on that basis, the per share price he will receive is approximately:


A) $6.79
B) $6.72
C) $6.25
D) $6.19

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