Seven Years Ago,you Purchased 216

question 32

Multiple Choice

Seven years ago,you purchased 216.34 shares of a mutual fund.Since then,you have reinvested your fund dividends and acquired an additional 31.02 shares.The fund currently has an NAV of $38.06.The fund charges a contingent deferred sales charge of 5 percent for the first 2 years after which time the charge declines by 1 percent a year.How much money will you receive if you redeem all of your shares today?

• A)$9,320.38
• B)$9,414.52
• C)$9,508.67
• D)$9,603.75
• E)$9,699.79

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Relating to data or variables that represent categories, allowing for data to be organized based on characteristics or qualities rather than numerical values.

Interval

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Microsoft

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