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:

Optometrist

A trained and licensed vision specialist who is not a physician.

Conjunctivitis

An eye condition characterized by inflammation of the conjunctiva, often causing redness and discharge from the eyes.

Fluid Pressure

The pressure exerted by a fluid at rest due to the force of gravity acting upon it.

Excessive Glare

An intense and blinding light that impair vision, often caused by sunlight or artificial light reflecting off a surface.