If You Invest $10,000 in a Mutual Fund with a NAV

question 34

True/False

If you invest $10,000 in a mutual fund with a NAV of $50 per share and a 5.5 percent back-end load,you will receive less than 200 shares in the fund.
A back-end load is not paid until fund shares are sold.

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Definitions:

Endorphins

Natural pain-relieving peptides produced by the body during exercise, excitement, pain, and sexual activity, known to induce feelings of pleasure or euphoria.

Cones

Cells in the eye's retina called photoreceptors are crucial for seeing colors and work optimally in well-lit conditions.

Chemical Senses

Pertains to the senses, including taste and smell, that involve the detection and processing of chemical stimuli.

Papillae

Small sensory projections on the tongue responsible for taste sensation.