You Invested $4,500 in a Mutual Fund 38 Months Ago

question 51

Multiple Choice

You invested $4,500 in a mutual fund 38 months ago when the NAV of the fund was $31.80. You have not acquired or sold any shares since that time. Today, the NAV is $30.84. The fund charges contingent deferred sales charges of 6%, 5%, 4%, 3%, 2%, 2%, and 1% if the shares are redeemed within the first 7 years, respectively. How much money will you receive if you redeem your shares today?

• A)$4,183.86
• B)$4,233.23
• C)$4,344.00
• D)$4,448.15
• E)$4,501.91

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Definitions:

US

Refers to the United States, a country located primarily in North America.

Contiguous

Adjacent or sharing a common border; physically touching or next to each other.

Fear Conditioning

A learning process where an individual associates a previously neutral stimulus with an aversive event, leading to the elicitation of a fear response to the neutral stimulus.

Fearful Anticipation

The preoccupation or worry over a potential future event that might result in negative outcomes.