A Mutual Fund Has a NAV of $34

question 3

Multiple Choice

A mutual fund has a NAV of $34.28 and an offering price of $36.08. What is the front-end load of the fund?

• A) 4.0%
• B) 4.5%
• C) 5.0%
• D) 5.5%
• E) 6.0%

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Definitions:

Workers

Individuals engaged in any form of employment or labor.

Marginal Product

The additional output a firm produces as a result of hiring one more unit of a factor of production, such as labor or capital.

Bushel of Wheat

A measure of volume used in the U.S. to quantify agricultural commodities, equivalent to approximately 35.24 liters.

VMPL Curve

A graphical representation showing the value of the marginal product of labor, which changes as more labor is employed.