Randy Smith Bought 180 Shares of a Mutual Fund with an NAV

question 56

Short Answer

Randy Smith bought 180 shares of a mutual fund with an NAV of $14.85. This fund has a load charge of 6%. What is the offer price, and what did Randy pay for the investment?

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Definitions:

Oedipus Conflict

A psychoanalytic theory, introduced by Freud, describing a child's feelings of desire for the opposite-sex parent and jealousy toward the same-sex parent.

Defense Mechanism

Unconscious psychological strategies employed to manage stress, emotional conflict, and internal or external demands that are perceived as threatening.

Projective Tests

Psychological assessment tools where subjects respond to ambiguous stimuli, revealing hidden emotions, and internal conflicts by projecting their inner thoughts.

Ambiguous Stimuli

Objects, words, or situations that lack clarity or have multiple interpretations.