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:

Letter Of Resignation

A written notice informing an employer of the employee's decision to terminate their employment, typically including the departure date.

Resigning

The act of voluntarily leaving a position or job.

Polite And Tactful

Demonstrating courteous and sensitive behavior in communication or action, especially in delicate situations.

Follow-Up Message

Communication sent to inquire or provide additional information after an initial interaction or message.