Alex Invested $10,000 in a Mutual Fund Two and One-Half

question 13

Multiple Choice

Alex invested $10,000 in a mutual fund two and one-half years ago when the NAV of the fund was $25.Today,the NAV has risen to $28.30.Since the time of his original investment,Alex has obtained an additional 54.36 shares by reinvesting the fund distributions.The fund charges a contingent deferred sales charge of 6 percent the first year with the charge decreasing by 1 percent each year.How much money will he receive if he redeems his shares today?

• A) $11,633.78
• B) $11,930.52
• C) $12,344.05
• D) $12,858.39
• E) $13,501.31

---

Definitions:

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and function best in relatively bright light.

Optic Nerves

The paired nerves that transmit visual information from the retina to the brain.

Optic Chiasm

The part of the brain where the optic nerves partially cross, involved in the visual processing system.

Visual Cortex

The region of the brain that processes visual information, located in the occipital lobe, responsible for interpreting input from the eyes and turning it into visual perception.