Five Years Ago, You Purchased 220

question 34

Multiple Choice

Five years ago, you purchased 220.80 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 35.10 shares. The fund currently has an NAV of $37.60. 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)$9,360.32
• B)$9,429.40
• C)$9,510.18
• D)$9,633.75
• E)$9,700.79

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Definitions:

Acid-Base Balance

The mechanism by which the body maintains its normal pH level, ensuring optimal functioning of cells and organs.

Fluid Balance

The maintenance of the correct amount of fluid in the body, crucial for ensuring that all cells and organs function effectively.

Clear-Liquid Diet

A diet consisting only of clear liquids like water, broth, and certain juices, often recommended before medical tests or surgery.

Gelatin

A translucent, colorless, flavorless food ingredient derived from collagen obtained from various animal body parts, used in food as a gelling agent.