A Mutual Fund Has an Offer Price of $7

question 46

Multiple Choice

A mutual fund has an offer price of $7.83 per share and a net asset value of $7.38. What is the sales charge percent? (Round to nearest tenth)

• A) 5.7%
• B) 6.1%
• C) 4.9%
• D) 7.4%

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Definitions:

Flexor Muscles

Muscles that decrease the angle between bones on two sides of a joint, involved in bending or flexing parts of the body.

Trunk

The main part of the body, excluding the head, neck, and limbs, housing the majority of vital organs.

Basal Ganglia

A group of structures in the brain involved in processing information on movement and coordination.