You Want to Buy 1,200 Shares of a Mutual Fund

question 90

Multiple Choice

You want to buy 1,200 shares of a mutual fund that has an NAV of $28.50. The fund charges a 3.5 percent front-end load. How much will you have to spend to make this purchase?

• A) $31,878.87
• B) $32,913.00
• C) $32,953.37
• D) $33,333.33
• E) $35,440.41

Recognize the role and implications of the political-legal environment on business management.

Appreciate the significance of diversity management in achieving organizational goals.

Identify the impact of political activities, such as PACs, on business operations.

Grasp the demographic changes in the U.S. and their implications for businesses.

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Definitions:

Lewis and Clark

Explorers who led the early 19th-century expedition across the western United States to explore the Louisiana Purchase.

White People

Individuals belonging to racial groups characterized by lighter skin tones, often associated with European descent.

Republican Party

A major political party in the United States, founded in 1854, that traditionally supports conservative and pro-business policies.

1790s

A decade marked by significant political and social change around the world, including the French Revolution and the early years of the United States under its new constitution.