Francesca Withdrew $7,000 from B Shares That She Owned in the Already

question 24

Multiple Choice

Francesca withdrew $7,000 from B shares that she owned in the Already Been Counted mutual fund within one year of her purchase. If she must pay a 5% contingent deferred sales fee, what amount will she actually receive?

• A) $350
• B) $6,650
• C) $7,000
• D) $7,350
• E) $7,500

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Definitions:

Multitasking

The ability to handle more than one task simultaneously.

Inefficiency

The lack of ability to achieve desired outcomes with minimal wasted effort or resources.

Faulty Reasoning

A flawed process of thinking that leads to incorrect conclusions or judgments, often due to logical fallacies or biases.

Negative Thinking

A cognitive pattern characterized by pessimistic attitudes and thoughts about oneself and the world.