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Question 1

What is the sales load of an open-end investment company with a net asset value (NAV) of $14.35 and a public offering price (POP) of $15.50?

A. 7.40%
B. 8.00%
C. 8.50%
D. 9.25%

Question 2

A customer purchased $80,000 of Fund XYZ two years ago. He now wants to buy $50,000 of Fund LMN offered within the same fund family, which offers a $100,000 breakpoint under right of accumulation. Which of the following statements is true?

A. The additional investment qualifies for a $100,000 breakpoint.
B. Each fund requires contributions of $100,000 to qualify for a breakpoint.
C. The customer must sign a new letter of intent to receive the $100,000 breakpoint on the additional purchase.
D. The customer will receive a sales charge discount on his next purchase after the account balance of the fund reaches $100,000.

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