Fund A has a front-end load of 5.75%.  You are considering an investment of $30,000.  How much will you pay in commissions and how much will be invested for you after commissions?  (You must show your calculations for credit).

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
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  1. Fund A has a front-end load of 5.75%.  You are considering an investment of $30,000.  How much will you pay in commissions and how much will be invested for you after commissions?  (You must show your calculations for credit).
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