You Invested $5,000 in a Mutual Fund 27 Months Ago

question 46

Multiple Choice

You invested $5,000 in a mutual fund 27 months ago when the NAV of the fund was $30.00.You have not acquired or sold any shares since that time.Today,the NAV is $28.40.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)$4,383
• B)$4,450
• C)$4,544
• D)$4,748
• E)$4,801

---

Definitions:

Long-Term Valuation

Assessing the worth or potential future value of assets, investments, or companies over an extended period.

Profitability

The ability of a company to generate earnings compared to its expenses and other relevant costs incurred during a specific period of time.

Transactional Leaders

Leaders who focus on the role of supervision, organization, and group performance; they are concerned with status quo and day-to-day progress toward goals, often employing a reward-punishment system.

Employee Satisfaction

The level of contentment employees feel regarding their job and workplace conditions, which can impact productivity and loyalty.