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A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares did you purchase? Round to the nearest thousandth. shares Need Help? Read It Watch It Master It

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 8FPE

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A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares did you purchase? Round to
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