Answered: The net asset value of a certain mutual…

The net asset value of a certain mutual fund is $54. If the fund charges a 7.1% load, how many shares will I own if I invest $4,445 in this fund? Round your answer to the nearest share.

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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The net asset value of a certain mutual fund is $54. If the fund charges a 7.1% load, how many shares will I own
if I invest $4,445 in this fund?
Round your answer to the nearest share.

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