A Mutual Fund with a 4

question 81

Multiple Choice

A mutual fund with a 4.5 percent front-end load has a NAV of $74.53. What is the offering price of the fund?

• A) $78.04
• B) $78.39
• C) $78.97
• D) $71.18
• E) $79.27

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Definitions:

NASDAQ Subscriber Levels

Refers to the classification of traders and investors by the NASDAQ based on their access to market data and trading services, impacting fees and data accessibility.

Make a Market

An action by a dealer or broker to provide liquidity for a particular asset by offering to buy or sell it at publicly quoted prices.

OTC Stocks

Stocks traded over-the-counter rather than on a centralized exchange, often involving smaller, less liquid securities.

Algorithmic Trading

The use of computer programs to make trading decisions.