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Exam Code: HPE0-J68
Exam Name: HPE Storage Solutions
Vendor: HP

60 Questions & Answers
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Nancy invested $1,850 in the MidFee Mutual Fund, which has a 4% front-end load. The net asset value
(NAV) per share of the fund at the time of her purchase was $22.20.How many shares of the fund was
Nancy able to purchase?
A. 83.33
B. None of the above is correct.
C. 80.00
D. 80.13
Answer: C
If Nancy invested $1,850 in MidFee, which has a 4% front-end load, when the fund's net
asset value was $22.50, she was able to purchase 80.00 shares. The offer price of the fund = NAV/(1 - %
load) = $22.20/(1 - 0.085) = $23.125. An investment of $1,850 would, therefore, purchase $1,850/$23.125

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