Brian Invested a Lump Sum of $10,000 in a Mutual

question 47

Multiple Choice

Brian invested a lump sum of $10,000 in a mutual fund with an offer price of $6.03. How many shares did he purchase? (Round to the nearest thousandth)

• A) 1,600.500
• B) 1,658.375
• C) 1,685.375
• D) 6,300.000

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Definitions:

Ethics

The moral standards expected by a society.

Moral Standards

The principles that govern the behavior of individuals and institutions regarding what is right and wrong.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or virtual territory, typically subject to the same political authority and dominant cultural expectations.

Marketing Campaign

A coordinated series of steps that include the promotion of a product or service through various media and techniques to achieve specific business goals.