A Mutual Fund Has a Current Offering Price of $52

question 25

Multiple Choice

A mutual fund has a current offering price of $52.31.What is the net asset value if the fund charges a 3 percent front-end load?

• A)$50.74
• B)$51.66
• C)$54.57
• D)$54.86
• E)$54.91

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Definitions:

Express Feelings

The act of conveying emotions through various forms of expression, such as art, music, or speech.

Sculpture

The art of creating three-dimensional forms by carving, modeling, or assembling materials like stone, metal, or wood.

Dance

A form of artistic expression and social interaction involving a sequence of movements that follow a certain sequence and rhythm, often accompanied by music.

Third International

Also known as the Communist International or Comintern, it was an international communist organization aimed at fighting by all available means, including armed force, for the overthrow of the international bourgeoisie.