Given the Following Fees and Expected Returns for Fund Y

question 31

Multiple Choice

Given the following fees and expected returns for fund Y, assuming an initial investment of $1000 calculate the value of the investment at the end of 5 years $$\begin{array} { l c c c c c } \text { Investment } & \mathrm { E } \text { (Return) } & \text { Load } & 12 \mathrm {~b} - 1 \text { fee } & \text { Rear-endload } & \text { Years } \\\mathrm { Y } & 8 \% & 0 \% & 0.50 \% & 3 \% & 5 \text { years }\end{array}$$

• A)$1069.82
• B)$1550.77
• C)$1642.36
• D)$1389.95
• E)$1362.59

---

Definitions:

Commercially Reasonable

A standard requiring actions that are typical or expected within a business context and in good faith.

Presentment

The act of formally presenting a document, such as a check or draft, to a party for acceptance or payment.

Electronic Means

Using digital technologies or electronic equipment to perform tasks or convey information.

Timely Notice

The requirement to inform or alert parties involved in a legal or formal process within a set time frame to ensure fairness.