You Purchased Shares of a Mutual Fund at a Price

question 65

Multiple Choice

You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 6.0%.If the securities in which the fund invested increased in value by 10% during the year, and the fund's expense ratio was 1.5%, your return if you sold the fund at the end of the year would be

• A)1.99%.
• B)2.32%.
• C)1.65%.
• D)2.06%.
• E)None of the options

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Definitions:

Judgemental Role

The judgemental role involves making decisions or forming opinions about certain situations, often involving evaluation of performance or behavior.

Direct Evaluation

Assessment method where the performance or quality of work is appraised directly by observing or measuring outcomes without intermediaries.

Accomplishments

Achievements or completed objectives that demonstrate skill, effort, or success in various areas.

Manager

An individual responsible for planning, directing, and overseeing the operations and employees within an organization or a specific division, ensuring goals are met.