The Offering Price of a Load Fund Equals the NAV

question 98

Multiple Choice

The offering price of a load fund equals the NAV of the fund

• A) Less an initial requirement.
• B) Plus a sales charge.
• C) Plus a sales charge and an administrative fee.
• D) Less a negotiated discount.
• E) At its stated value.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a certain period, indicating the health of the country's economy.

Interest Rates

The cost of borrowing money expressed as a percentage of the total amount loaned, or the reward for saving and lending money.

Conditions

The specific requirements, provisions, or stipulations that define the terms under which agreements or contracts are established and operated.

Debt Financing

The use of borrowed funds to finance a business.