An Investment in a 3% Front-End Load Mutual Fund with a $20

question 60

Multiple Choice

An investment in a 3% front-end load mutual fund with a $20 NAV would cost the investor:

• A) $20.00
• B) $19.40
• C) $20.60
• D) $23.00
• E) $17.00

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Definitions:

Republican Party

One of the two major political parties in the United States, traditionally advocating for conservative policies, free-market principles, and smaller government.

Truman Administration

The presidency of Harry S. Truman from 1945 to 1953, notable for ending World War II, initiating the Marshall Plan, and navigating the early Cold War era.

Margaret Chase Smith

A prominent American politician and the first woman to serve in both houses of the U.S. Congress, representing Maine as a Republican.

Anticommunist Agenda

Policies and activities aimed at combating communism and limiting its spread during the Cold War era.