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:

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted from one generation to the next through communication, not through genes.

Secondary Sex Characteristics

are features that appear during puberty, distinguishing the two sexes from each other but are not directly involved in reproduction.

Primary Sex Characteristics

The physical features that are directly involved in reproduction, such as the ovaries and testes, and the external genitalia.

Gender Identity

A person's individual understanding of their gender identity, which can align with or differ from the sex assigned to them at birth.