Solve the Following: 1,000 (X ? 2)= 75,000

question 5

Multiple Choice

Solve the following: 1,000 (X ? 2) = 75,000

• A)7
• B)77
• C)770
• D)7,700
• E)None of these

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Definitions:

12b-1 Fee

A fee that mutual funds may charge for marketing, distribution, and service expenses, expressed as a percentage of assets under management.

Net Asset Value

The value per share of a fund, calculated by dividing the total value of the fund's assets minus its liabilities by the number of shares outstanding.

Year-End Assets

These are the total value of all assets that a company or individual owns at the end of the fiscal year.

Liabilities

Financial obligations or debts owed by a business to creditors, which must be paid back at some point in the future.