You Invested $9,000 in a Mutual Fund When the Offering

question 50

Multiple Choice

You invested $9,000 in a mutual fund when the offering price was $31.50 and the NAV was $30.20.This purchase was made one year ago today.Today,the fund distributed a total of $1.55 in long-term gains and $0.85 in short-term gains.The current offering price is $33.42 and the NAV is $32.08.What is your return for the year?

• A) 4.35 percent
• B) 6.37 percent
• C) 7.58 percent
• D) 9.46 percent
• E) 10.80 percent

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Definitions:

Positive Reinforcement

Adding a desirable stimulus to increase a behavior, making it more likely to occur in the future.

Punishment

A consequence or penalty imposed for a perceived or actual offense, intended to reduce or eliminate undesirable behaviors.

Classical Conditioning

An educational process that unfolds by linking an external stimulus with a naturally happening stimulus, which results in a conditioned response.

Classical Conditioning

is a learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.