You own shares of a mutual fund with a current NAV of $87.25. You decide...
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You own shares of a mutual fund with a current NAV of $87.25. You decide to sell your shares. The mutual fund has an expense ratio of 1.4%, a front-end load fee of 0.5%, a back end load fee of 1.2%, and a redemption fee of 0.3%.
After accounting for fees, how much will you be paid (how much money will you actually receive) when you sell each share of this fund?
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