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QUESTION
The KLM Mutual Fund is a load fund with a net asset value of $15.56 and an offer price, which reflects the funds load, of $16.
The KLM Mutual Fund is a load fund with a net asset value of $15.56 and an offer price, which reflects the funds load, of $16.45. Assuming you invest $1,000, what is the amount of the load (sales charge) for this transaction?
