You Want to Buy 1,400 Shares of a Mutual Fund

question 62

Multiple Choice

You want to buy 1,400 shares of a mutual fund that has an NAV of $26.50.The fund charges a 3.5 percent front-end load.How much will you have to spend to make this purchase?

• A)$34,878.87
• B)$35,913.00
• C)$36,953.37
• D)$37,333.33
• E)$38,445.60

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Definitions:

Functionalism

A psychological theory that emphasizes the utility and purpose of behavior and mental processes for adapting to the environment.

Major Schools

The principal traditions or approaches within a field of study, such as the significant psychological paradigms in psychology.

Fundamental Components

Basic elements or parts that are essential to the structure or function of something.

Conscious Experience

The awareness of mind states, thoughts, feelings, and perceptions in the present moment.