You Purchased Shares of a Mutual Fund at a Price

question 51

Multiple Choice

You purchased shares of a mutual fund at a price of $17 per share at the beginning of the year and paid a front-end load of 5.0%. If the securities in which the fund invested increased in value by 12% during the year, and the fund's expense ratio was 1.0%, your return if you sold the fund at the end of the year would be

• A) 4.75%.
• B) 5.45%.
• C) 5.65%.
• D) 4.39%.

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Definitions:

Tension Release

The process of alleviating psychological or physical stress through various means such as relaxation techniques or expression of emotions.

Object Relations Theory

A psychoanalytic theory focusing on the significance of early relationships and their impact on emotional development and future interactions.

Future Relationships

The potential or expected connections and interactions between individuals or entities in the time to come.

Parents

Guardians or caretakers of a child or children, typically consisting of a mother and father.