If a Mutual Fund Charges a Front-End Load of 3

question 106

Multiple Choice

If a mutual fund charges a front-end load of 3%, how much must the investor pay per unit if the NAVPS is $10.00?

• A)$9.70
• B)$10.00
• C)$10.16
• D)$10.31
• E)$13.00

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Definitions:

United States Government

The federal government of the United States, a constitutional republic composed of three distinct branches: legislative, executive, and judicial.

Violent Crime

Criminal acts that use or threaten to use violence against people, encompassing offenses like physical attack, theft under threat, and murder.

Institutionalized Means

Established methods and procedures within societies for achieving valued goals, such as wealth, status, or power, that are widely accepted and sanctioned.

Cultural Goals

The idealized life objectives and values that a society encourages its members to pursue.