Question

Jarell Tarver invested $20,000 in the Boyd Kern Mutual Fund (Type A). The net asset value is $21.34 per share. The fund is front-loaded with a loading rate of 5.25%. How many shares did Jarell purchase?

Answer 1

Ok To tell the truth My honest answer is 20026.59

Explanation:

I say this because at the end it says how Many shares di Jarrell purchased so you suppose to add so 20,000 then 21.34 then do 5.25 so that's how u got that answer I hope that's correct I'm sorry if it's not I'm not a big fan of math I believe in you tho