The Exploratory Fund Is a New Closed-End Fund Which Just

question 7

Multiple Choice

The Exploratory Fund is a new closed-end fund which just offered its shares to the public.The fund raised $65 million and each share sold for $10.The fee for the fund promoter was 6.5 percent of the initial proceeds.What was the value of your initial $20,000 purchase before the shares began trading in the marketplace?

• A)$18,400
• B)$18,700
• C)$19,100
• D)$20,000
• E)$21,300

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Definitions:

Eclectic or Multimodal Therapy

A therapeutic approach that combines techniques from various therapeutic modalities to tailor treatment to a client's individual needs.

Psychodynamic Therapies

A group of therapies that focus on unconscious processes as they are manifested in an individual's present behavior, aiming at self-awareness and understanding of the influence of the past on present behavior.

Behavior Therapy

A type of psychotherapy that focuses on changing unhealthy behaviors through conditioning and other learning principles.

Phobia

An anxiety disorder characterized by an intense and, at least on the surface, irrational fear.