julesgonsalves15 julesgonsalves15
  • 16-05-2023
  • Business
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Melissa invested $45,000. in the Vanguard "B" mutual fund. The net asset value of the fund at the time of purchase was $12.78 and was back-loaded, with a loading rate of 4.5%. When she cu sold her fund shares, the net asset value was $22.33 Considering the back-end load, how much profit/loss did she make on her investment?

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