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Calculate the number of shares purchased

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Reference no: EM131627879

Question: 1. How many shares of mutual fund stock can be purchased with a $12,000 investment if the fund net asset value is $11.17 per share and it is a no load mutual fund?

2. Calculate the number of shares purchased with a $5,000 investment in a no load mutual fund with a net asset value of $7.93.

Reference no: EM131627879

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