You Are Investing $8,000 in a Mutual Fund That Charges

question 51

Multiple Choice

You are investing $8,000 in a mutual fund that charges a 4.50 percent front-end load.The offering price is $24.70 a share.What will your investment be worth immediately after your shares are purchased?

• A) $7,520
• B) $7,640
• C) $8,000
• D) $8,360
• E) $8,420

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Definitions:

Cognitive Psychology

This aspect of psychology deals with the examination of cognitive functions including perception, thought, learning, and memory.

Mental Events

Happenings within the mind, such as thoughts, feelings, and perceptions.

Cognitive Perspective

A psychological approach that emphasizes mental processes in perception, memory, thought, and problem-solving.

Behavioural Perspective

A way of looking at psychological issues by studying observable behavior and how it's shaped by the environment.