Six Years Ago, You Purchased 210

question 66

Multiple Choice

Six years ago, you purchased 210.20 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 36.32 shares. The fund currently has an NAV of $38.95. The fund charges a contingent deferred sales charge of 5% for the first 2 years after which time the charge declines by 1% a year. How much money will you receive if you redeem all your shares today?

• A)$9,320.38
• B)$9,414.52
• C)$9,505.93
• D)$9,603.75
• E)$9,699.79

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Definitions:

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The ongoing development and implementation of new ideas, products, or processes, aiming to sustain and enhance competitive advantage.

Reminder Advertising

Advertising designed to keep the brand name in front of consumers or to remind them to purchase the product again.

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