Today, You Are Selling Shares of an Open-End Mutual Fund

question 100

Multiple Choice

Today, you are selling shares of an open-end mutual fund and will be charged a CDSC of 3%. The price you will receive per share is equal to:

• A)103% of the opening NAV.
• B)97% of the opening offering price.
• C)97% of the closing NAV.
• D)103% of the closing offering price.
• E)the closing offering price.

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Definitions:

Placebo Injection

A treatment using a substance that has no therapeutic effect, used as a control in testing new drugs.

Control Group

In experimental research, a group of subjects that does not receive the treatment or intervention being studied and is used as a benchmark to measure the effects of the treatment.

Inactive Substance

A substance that has no intended therapeutic effects, often used as a control in experiments.

Placebo Effect

The phenomenon in which patients experience a perceived or actual improvement in their condition due solely to the psychological impact of receiving treatment, despite the treatment having no therapeutic effect.