You Recently Purchased a Fund at a Price of $39

question 22

Multiple Choice

You recently purchased a fund at a price of $39.97 per share. The NAV at the time of purchase was $40.67. You must have purchased a(n) ________ fund.

• A)closed-end
• B)global
• C)bond
• D)index
• E)asset allocation

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Definitions:

Auscultate

The act of listening to the sounds made by internal organs, typically with a stethoscope, for medical diagnosis.

Stethoscope Diaphragm

The flat, circular part of a stethoscope used for listening to high-frequency sounds in the body, such as heart and lung sounds.

High-pitched Sounds

Sounds that have a high frequency, typically perceived by the ear as having a higher note or sharper tone.

Auscultation

The act of listening to the sounds made by internal organs of the body, usually with a stethoscope, for medical diagnosis.