Six Years Ago, You Purchased 210

question 66

Multiple Choice

Six years ago, you purchased 210.20 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 36.32 shares. The fund currently has an NAV of $38.95. The fund charges a contingent deferred sales charge of 5% for the first 2 years after which time the charge declines by 1% a year. How much money will you receive if you redeem all your shares today?

• A)$9,320.38
• B)$9,414.52
• C)$9,505.93
• D)$9,603.75
• E)$9,699.79

Comprehend the legal frameworks protecting client information, including HIPAA and privilege.

Acknowledge the significance of informed consent and the elements necessary to facilitate it.

Appreciate the value of self-awareness, lifelong learning, and supervision in professional growth and ethical practice.

Understand the strategies for enhancing cultural self-awareness and competency.

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Definitions:

Franchising

A business model that allows an individual or group to operate a business using the branding and business structure of an established company.

Contractual Vertical Marketing System

A system in which independent firms at different levels of the distribution chain work together through contractual agreements to achieve greater economies of scale and reach a greater market effectiveness than they could achieve alone.

Horizontal Marketing System

A collaboration strategy where companies at the same level of the value chain join forces to exploit a marketing opportunity.

Administered Vertical Marketing System

A coordinated marketing system managed by a single channel member to achieve efficient distribution.