You Want to Buy 1,200 Shares of a Mutual Fund

question 108

Multiple Choice

You want to buy 1,200 shares of a mutual fund that has an NAV of $27.80. The fund charges a 3.75% front-end load. How much will you have to spend to make this purchase?

• A)$34,659.74
• B)$35,913.00
• C)$36,953.37
• D)$37,333.33
• E)$38,445.60

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Definitions:

Efficiency

The ratio of the useful output produced by a system to the input provided, measuring the system's ability to optimize resources.

Employees' Rewards

The various forms of compensation, benefits, and recognition provided to employees for their contributions to the organization.

Financial Performance

A measure of how well a company can use assets from its primary mode of business to generate revenues.

Work Design

The conceptualization and planning of work tasks and environments to optimize worker productivity, satisfaction, and health by considering ergonomics, job roles, and processes.