Bob Newsome Purchased 250 Shares of the Northern Lights Growth

question 118

Multiple Choice

Bob Newsome purchased 250 shares of the Northern Lights Growth Fund.The purchase cost was $20 per share and the total commission was $250.What is the load being charged by the fund?

• A)8.5 percent
• B)5 percent
• C)4.5 percent
• D)3 percent
• E)2.5 percent

---

Definitions:

Same for All

A condition or policy applied equally to every member of a group.

Common-value Setting

An environment in which the value of an item or resource is the same for all participants but may be unknown at the time of transaction.

Oral Auctions

Auctions where items or services are offered to the highest bidder through spoken offers.

Sealed Bid Auctions

Auctions where bidders submit their bids in secret and the highest bidder wins, often used to ensure fair and unbiased bidding processes.