Series 6 - Investment Company And Variable Contracts Products Representative Exam
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An investor deposits $25,000 with a mutual fund that has a 3% front-end load. How much is invested in the fund's portfolio on behalf of this investor?
$25,000
A
$750
B
$24,250
C
$25,750
D
Explanations
The 3% load equals $750, which is deducted from the invested amount. Therefore, $24,250 is invested in the fund's portfolio on behalf of this investor.