$25,000 to $49,999, 5.75% $50,000 to 99,999, 5% $100,000 to $249,999, 4% Nancy Dolan is interested in the T Rowe Price Mid Cap Fund. Assume the NAV is 19.06. a. What minimum amount of shares must Nancy purchase to have a sales charge of 5.75%? (Ror share even if It is less than 5.)
$25,000 to $49,999, 5.75% $50,000 to 99,999, 5% $100,000 to $249,999, 4% Nancy Dolan is interested in the T Rowe Price Mid Cap Fund. Assume the NAV is 19.06. a. What minimum amount of shares must Nancy purchase to have a sales charge of 5.75%? (Ror share even if It is less than 5.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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solve for D using the the a,b, c (answers for those are correct)
Transcribed Image Text:$25,000 to $49,999, 5.75%
$50,000 to 99,999, 5%
$100,000 to $249,999, 4%
Nancy Dolan is interested in the T Rowe Price Mid Cap Fund. Assume the NAV is 19.06.
a. What minimum amount of shares must Nancy purchase to have a sales charge of 5.75%? (Ror
share even if It is less than 5.)
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i cannot get the correct answer even when i have the correct formula (25000+(25000*.055)=26,375.00
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