The Emerging Fund Is a New Closed-End Fund Which Just

question 53

Multiple Choice

The Emerging Fund is a new closed-end fund which just offered its shares to the public. The fund raised $75 million and each share sold for $20. The fee for the fund promoter was 3.75% of the initial proceeds. What was the value of your initial $21,500 purchase before the shares began trading in the marketplace?

• A)$18,430
• B)$18,532
• C)$19,040
• D)$19,500
• E)$20,694

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Definitions:

Avoidance

A behavior or action taken to escape from or prevent an unpleasant situation or outcome.

Reappraisal

A cognitive process in which an individual changes their interpretation of a situation in order to alter its emotional impact.

Health Psychology

The subfield within psychology that is concerned with the psychological factors that contribute to health, illness, and recovery.

Physical Activities

Bodily movements produced by skeletal muscles that require energy expenditure, including exercises and daily activities.