You Invested $4,500 in a Mutual Fund 38 Months Ago

question 102

Multiple Choice

You invested $4,500 in a mutual fund 38 months ago when the NAV of the fund was $31.80.You have not acquired or sold any shares since that time.Today,the NAV is $30.84.The fund charges a contingent deferred sales charge of 6,5,4,3,2,2,and 1 percent if the shares are redeemed within the first 7 years,respectively.How much money will you receive if you redeem your shares today?

• A) $4,183.86
• B) $4,233.23
• C) $4,344.00
• D) $4,448.15
• E) $4,501.91

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Definitions:

Five-Factor Model

A comprehensive model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait associated with negative emotions such as anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Emotionally Stable

Pertains to individuals who have a consistent control over their emotions and can handle stress or challenging situations without extreme reactions.

Openness

This is a personality trait that involves appreciation for new experiences, curiosity, and openness to different ideas, cultures, and feelings.