Which One of the Following Statements Is Correct Concerning an Open-End

question 21

Multiple Choice

Which one of the following statements is correct concerning an open-end mutual fund which charges a front-end load?

• A)The number of shares outstanding was fixed at the time the fund was created.
• B)If an investor wishes to sell her shares, she must do so by selling to another investor.
• C)The NAV exceeds the offering price.
• D)The load is expressed as a percentage of the NAV.
• E)Investors receive the NAV when shares are sold.

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Definitions:

Past Generations

Referring to the people who lived before the current generation, often used in discussions about family heritage, history, or genetics.

Social Clock

The societal expectations that dictate the appropriate timing for major life events, such as marriage, parenthood, and retirement.

Cultural Expectations

Socially constructed norms and beliefs about how individuals should behave in a given society.

Temporal Schemas

Cognitive structures that enable understanding and organization of events based on time, aiding in memory and anticipation of future events.