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How much of money actually goes to buy shares

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Reference no: EM132961050

Problem 1: Racheal Ray puts $8,000 into a load mutual fund. She knows that her up-front sales charge is 5%. How much of her money actually goes to buy shares in the mutual fund?

A. $8,000
B. $7,600
C. $500
D. $400
E. $5

Reference no: EM132961050

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