Use This Information to Answer the Following Questions (A) Which Fund Does NOT Charge a Front-End Load?
(B)

question 17

Essay

Use this information to answer the following questions.
$$\begin{array} { l l l c c } \text { NAV } & \text { Fund Name } & \text { Inv. Obj. } & \text { Max Init. Chrg. } & \text { Exp. Ratio } \\\hline 10.28 & \text { Fund A } & \text { Growth } & 4.75 & 0.95 \\11.88 & \text { Fund B } & \text { Aggr. Gro. } & 0.00 & 1.50 \\10.22 & \text { Fund C } & \text { Income } & 6.50 & 0.86 \\16.04 & \text { Fund D } & \text { Income } & 1.00 & 1.00\end{array}$$ (a) Which fund does NOT charge a front-end load?
(b) Which fund can best be described as a low-load fund?
(c) What can you say about Fund B with respect to the type of investments it most likely holds?
(d) If you want to buy a fund and hold it for five years, which one of these funds should you purchase based on fund costs? Assume the funds earn a positive rate of return each year.

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Definitions:

Manufacturing Overhead

These are all the indirect costs associated with the production process, excluding direct materials and direct labor.

Cost of Goods Sold

The immediate expenses linked to the manufacturing of a company's sold products, covering the cost of materials and labor directly engaged in the product's creation.

Work in Process

Stock consisting of materials that are in the process of being transformed into final products but have not reached completion.

Finished Goods

Items that have completed the manufacturing process but have not yet been sold to customers.