If your fund has a back-end load charge of 6% and you invest $15,000, how much of this money will be invested in the mutual fund?
Ans $ 15000
Back End load is the amount that is charged from the investor when he sells the mutual funds. Fund end load are payments made on purchasing the mutual funds.
If your fund has a back-end load charge of 6% and you invest $15,000, how much...
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