A Mutual Fund Has an Offer Price of $9

question 52

Multiple Choice

A mutual fund has an offer price of $9.42 per share and a net asset value of $9.04. What is the sales charge percent? (Round to nearest tenth)

• A) 4.2%
• B) 5.1%
• C) 3.9%
• D) 8.4%

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Definitions:

Adolescents

Refers to individuals in the developmental stage that transitions from childhood to adulthood, typically ranging from 13 to 19 years of age.

Shares Less Intimacy

Refers to relationships or interactions that involve lower levels of emotional closeness or personal sharing.

Adolescence

The developmental stage between childhood and adulthood, typically between the ages of 13 and 19, characterized by significant physical, psychological, and social changes.

Growth Spurt

A rapid increase in height and weight that occurs during puberty due to hormonal changes.