2,199 shares
shares
1 Calculate the net asset value per share after the front-load charge by multiplying the net asset value by
95
%
95% (since the loading rate is
5
%
5%):
\$3.95 * 0.95 = \3.7525 per share
2 Divide the amount invested by the net asset value per share to find the number of shares purchased: $8,250 / \3.7525 per share = 2,198.53431 shares.
3 Since we cannot purchase a fractional share, Bonnie would have purchased 2,199 shares of the Third Avenue Value Fund
