The High Growth Technology Fund Has an NAV of $54

question 47

Multiple Choice

The High Growth Technology Fund has an NAV of $54.08 and a 5.5 percent front-end load. What is the offering price?

• A) $50.84
• B) $51.36
• C) $57.23
• D) $57.53
• E) $57.81

Learn the role of cross elasticity of demand in differentiating between types of goods.

Analyze how income changes affect demand for various goods based on the income elasticity of demand.

Understand the significance of the cross elasticity of demand between products.

Understand the relationship between attitudes, values, and behaviors, and their impact on actions.

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Definitions:

East India Company

A historical English company formed for the exploitation of trade with East and Southeast Asia and India, incorporated by royal charter in 1600.

Boston Tea Party

The incident on December 16, 1773, in which the Sons of Liberty, dressed as Indians, dumped hundreds of chests of tea into Boston Harbor to protest the Tea Act of 1773. Under the Tea Act, the British exported to the colonies millions of pounds of cheap—but still taxed—tea, thereby undercutting the price of smuggled tea and forcing payment of the tea duty.

Battle of Alamance

A pre-American Revolutionary War conflict in 1771 between local militia and a group of rebels known as Regulators in North Carolina, symbolizing growing colonial unrest.

Regulators

Individuals or bodies that control, monitor, or supervise specific activities or industries, ensuring compliance with laws and standards for the public good.