Gil Hennesey invested 8 000 in the Adrian Utility Mutual Fund Type A which has a net asset value of 19 50 The fund is front

Question

Gil Hennesey invested 8 000 in the Adrian Utility Mutual Fund Type A which has a net asset value of 19 50 The fund is front loaded with a loading rate of 4 50 a What is the loading charge b How many shares did Gil buy

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