You Recently Purchased a Fund at a Price of $39

question 22

Multiple Choice

You recently purchased a fund at a price of $39.97 per share. The NAV at the time of purchase was $40.67. You must have purchased a(n) ________ fund.

• A)closed-end
• B)global
• C)bond
• D)index
• E)asset allocation

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Definitions:

Cost-Volume-Profit Chart

A graphical representation that shows how changes in cost, sales volume, and price affect a company's profit.

Profit-Volume Chart

A graphical representation that shows the relationship between a company's profits and its volume of sales, highlighting the break-even point.

Operating Profit

Income generated from core business operations, excluding revenue and expenses from non-operating activities.

Sales Mix

The combination or ratio of different products or services that a company sells, impacting its profitability.