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Question
Today, you are selling shares of an open-end mutual fund and will be charged a CDSC of 3 percent. The price you will receive per share is equal to:A. 103 percent of the opening NAV.
B. 97 percent of the opening offering price.
C. 97 percent of the closing NAV.
D. 103 percent of the closing offering price.
E. the closing offering price.
Answer
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