A Mutual Fund Has an Offer Price of $7

question 26

Multiple Choice

A mutual fund has an offer price of $7.42 per share and a net asset value of $7.02. What is the sales charge percent? (Round to the nearest tenth)

• A) 2.8%
• B) 4.1%
• C) 92.8%
• D) 5.7%

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Definitions:

DSM-5 Criteria

The diagnostic criteria for mental disorders listed in the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, used by healthcare professionals as a guide for diagnosing mental conditions.

Obsessive-Compulsive Personality Disorder

A psychological condition marked by a consistent focus on maintaining neatness, striving for perfection, and dominating personal and social interactions, which comes at the cost of being flexible, open, and productive.

Negative Affectivity

A personality characteristic that involves the experience of negative emotions and poor self-concept.

Schizotypal Personality Disorder

Chronic pattern of inhibited or inappropriate emotion and social behavior as well as aberrant cognitions and disorganized speech.