Marisa Callaghan Just Purchased 100 Shares in the All-Inclusive Fidelity

question 71

Multiple Choice

Marisa Callaghan just purchased 100 shares in the All-Inclusive Fidelity Fund.The purchase cost for each share was $30.If this fund charges a 6 percent load, what is the total amount of commission she will pay the investment company?

• A)$3,000
• B)$1,800
• C)$180
• D)$2,000
• E)It is impossible to calculate Ms.Callaghan's total investment with this information

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Definitions:

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, while holding other inputs constant.

Expected Rate

The anticipated return on an investment over a given period, often based on historical data and future forecasts.

Rental Cost

The expense incurred when hiring or leasing a property, equipment, or other assets for a specified period.

Interest Rates

The cost of borrowing money or the return on investment for savings, usually expressed as a percentage.