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A mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares did you purchase? R

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter2: Risk And Return: Part I

Section: Chapter Questions

Problem 10P

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A mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares did you purchase? Round to the nearest thousandth.

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