Which One of the Following Statements Is Correct Concerning an Open-End

question 21

Multiple Choice

Which one of the following statements is correct concerning an open-end mutual fund which charges a front-end load?

• A)The number of shares outstanding was fixed at the time the fund was created.
• B)If an investor wishes to sell her shares, she must do so by selling to another investor.
• C)The NAV exceeds the offering price.
• D)The load is expressed as a percentage of the NAV.
• E)Investors receive the NAV when shares are sold.

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Definitions:

Heterozygous

Having a pair of unlike alleles for a particular locus. Compare with homozygous.

Dominant

Referring to a trait that is expressed in the phenotype even when only one allele is present.

Recessive Allele

An allele that is not expressed in the heterozygous state. Compare with dominant allele.

Hybrid

The offspring of two genetically dissimilar parents.