Mathematics, 25.01.2022 01:30 omar2334
49. Samantha Sweigart invested $12,600 in the MFS Utilities “B” Mutual Fund. The net
asset value of the fund at the time of purchase was $18.00 and was back-loaded with a
loading rate of 3.0%. When she sold her fund shares, the net asset value was $20.25.
(a) How many shares did Samantha buy? (b) Considering the back-end load, how
much profit (loss) did Samantha make on her investment?
Answers: 1
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49. Samantha Sweigart invested $12,600 in the MFS Utilities “B” Mutual Fund. The net
asset value o...
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