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FINRA Series 7

Category - Series 7

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What percentage load is associated with a mutual fund quoted 16.60-18.04?

8.7%
9%
8%
cannot be determined from this information

Explanation

Answer: C - 8%. The sales charge in this case is $1.44. Dividing that into the offering price of $18.04 results in 8%.

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FINRA Series 7

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FINRA Series 7

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