A Mutual Fund with a NAV of $99

question 43

Multiple Choice

A mutual fund with a NAV of $99.99 has a front-end load of 3 percent. What is the offering price of the fund?

• A) $105.65
• B) $96.99
• C) $103.08
• D) $97.01
• E) $89.45

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Definitions:

Deontologists

Ethical theorists who believe that the morality of an action depends on its adherence to rules or duties, rather than its consequences.

Modern Moral Philosophy

A branch of philosophy that investigates questions of right and wrong, the virtues of actions, and the foundations of ethics in the context of contemporary societal norms and issues.

Anscombe

G.E.M. Anscombe was a 20th-century philosopher known for her work in philosophy of mind, moral philosophy, and the philosophy of action.

Ethical Life

Living in a manner that is consistent with one’s own moral principles and values, often involving considerations of fairness, integrity, and respect for others.