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Mary Cooper just purchased 100 shares in the All-American Fund. The purchase cost for each share was $10. If this fund charges a 3 percent load, what is the total amount of commission she will pay the investment company

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matthysswart

Answer:

The total commission is $ 30

Explanation:

Since the commission (load) percentage is 3% and the total cost is of the share purchase is $ 1000, the total commission due will be $ 30. This is calculated by $ 1000 x 3%. The total cost of her investment will be 1030

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