Alex Invested $10,000 in a Mutual Fund Two and One-Half

question 13

Multiple Choice

Alex invested $10,000 in a mutual fund two and one-half years ago when the NAV of the fund was $25.Today,the NAV has risen to $28.30.Since the time of his original investment,Alex has obtained an additional 54.36 shares by reinvesting the fund distributions.The fund charges a contingent deferred sales charge of 6 percent the first year with the charge decreasing by 1 percent each year.How much money will he receive if he redeems his shares today?

• A) $11,633.78
• B) $11,930.52
• C) $12,344.05
• D) $12,858.39
• E) $13,501.31

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Definitions:

Eyes Turn Inward

Refers to a condition where the eyes are oriented towards the nose, often indicating convergence or a focusing mechanism.

Eyelid

A movable tissue, consisting of skin and muscles, that covers and protects the eye.

Ciliary Body

A structure in the eye that includes the ciliary muscle, which controls the shape of the lens, and the ciliary processes that produce the aqueous humor.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter and size of the pupil.