You Invested $4,500 in a Mutual Fund 38 Months Ago

question 51

Multiple Choice

You invested $4,500 in a mutual fund 38 months ago when the NAV of the fund was $31.80. You have not acquired or sold any shares since that time. Today, the NAV is $30.84. The fund charges contingent deferred sales charges of 6%, 5%, 4%, 3%, 2%, 2%, and 1% if the shares are redeemed within the first 7 years, respectively. How much money will you receive if you redeem your shares today?

• A)$4,183.86
• B)$4,233.23
• C)$4,344.00
• D)$4,448.15
• E)$4,501.91

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Definitions:

Genetic Counseling

Advice concerning the probabilities that a couple’s children will show genetic abnormalities.

Prenatal Testing

Involves medical tests conducted during pregnancy to assess the health and development of the fetus.

After Conception

The period and developmental processes that occur following the fertilization of an egg.

Tay-Sachs Disease

A fatal genetic neurological disorder in which nerve cells in the brain and spinal cord are progressively destroyed.