(Answered) To discourage short-term investing in its fund the fund now

Finance

To discourage short-term investing in its fund, the fund now charges a 5% upfront load and a 2% back-end load. The same investor decides to put $50,000 back into the fund. Calculate the new number of shares outstanding. Assume the fund manager buys back as many round-lot shares of stock 4 with the cash.

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