The Stable Utility Fund Has an Offering Price of $54

question 40

Multiple Choice

The Stable Utility Fund has an offering price of $54.11 and an NAV of $52.48.What is the front-end load percentage?

• A) 3.0 percent
• B) 3.1 percent
• C) 3.5 percent
• D) 3.8 percent
• E) 4.0 percent

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Definitions:

Bovine Growth Hormone

A hormone naturally produced by cattle's pituitary glands, and its synthetic form is used to increase milk production.

Cows

Domesticated bovine animals, typically females, raised for their milk, meat, and as draft animals.

Fish

Aquatic vertebrate animals that live in water, breathe using gills, and typically have fins and scales.

Pigs

Domesticated animals of the species Sus scrofa, widely kept for their meat (pork).