The High Growth Technology Fund Has an NAV of $37

question 43

Multiple Choice

The High Growth Technology Fund has an NAV of $37.23 and a 2.4% front-end load. What is the offering price?

• A)$34.84
• B)$35.36
• C)$36.34
• D)$36.53
• E)$38.15

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Definitions:

Phantom Stock Plan

A type of employee benefit plan that gives selected employees many of the benefits of stock ownership without giving them any company stock, often tied to the performance or value of the company's stock.

Company Stock

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Performance-Based Pay

A compensation system where an employee's pay is directly tied to their performance metrics, aimed at incentivizing high levels of job performance.

Company Stock

Shares of ownership in a corporation, providing shareholders with a claim to part of the company’s profits and assets.