Mathematics, 27.06.2019 02:30 tyrece15

Young raxxi invested in a back-loading mutual fund at a rate of 3%. the net asset value at the time of purchase was $18.48. at the time young sold his fund shares the net asset value was $18.25. his investment was $9,240. considering the back-end load, how much profit or loss did young make on his investment?
$388.75 loss

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Young raxxi invested in a back-loading mutual fund at a rate of 3%. the net asset value at the time...