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An open-end fund has a net asset value of $8.09 per share. It is sold with...

An open-end fund has a net asset value of $8.09 per share. It is sold with a front-end load of 4%. What is the selling price?

Round your answer to the nearest cent (2 decimal places).

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Expert Solution

Selling Price * (1-front End load) = NAV

Selling Price = 8.09 / (1-0.04)

Selling Price = 8.43

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jeff jeffy answered 2 years ago
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