You Invested a Total of $6,800 in Three Funds at the Beginning

question 16

Multiple Choice

You invested a total of $6,800 in three funds at the beginning of 2003, including an equal amount in PNF and CMBFX. You earned a total of $407 in interest for the year. How much did you invest in each of the three funds Use the data given in the figure below. $$\begin{array} { | l | l | } \hline & 2003 \text { Yield } \\\hline \text { PNF (Pimco N. Y.) } & 6 \% \\\hline \text { CMBFX (Columbia Ore) } & 5 \% \\\hline \text { SFCOX } & 7 \% \\\hline\end{array}$$

• A)PNF (Pimco N. Y.): $2,500 CMBFX (Columbia Ore): $2,500
• SFCOX : $2,200
• B) PNF (Pimco N. Y.): $2,500
• CMBFX (Columbia Ore): $2,500
• SFCOX : $1,800
• C) PNF (Pimco N. Y.): $2,200
• CMBFX (Columbia Ore): $2,200
• SFCOX : $2,400
• D) PNF (Pimco N. Y.): $2,300
• CMBFX (Columbia Ore): $2,300
• SFCOX : $2,200
• E) PNF (Pimco N. Y.): $2,300
• CMBFX (Columbia Ore): $2,300
• SFCOX : $1,800

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Definitions:

Peter Lynch

An American investor, mutual fund manager, and philanthropist known for his tenure at Fidelity Investments where he achieved strong annual returns.

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The hypothesis that financial markets are "informationally efficient," meaning that the prices of traded assets already reflect all publicly available information.

Fidelity Magellan

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The practice of buying and selling financial instruments within the same trading day.