You Are Investing $8,000 in a Mutual Fund That Charges

question 51

Multiple Choice

You are investing $8,000 in a mutual fund that charges a 4.50 percent front-end load.The offering price is $24.70 a share.What will your investment be worth immediately after your shares are purchased?

• A) $7,520
• B) $7,640
• C) $8,000
• D) $8,360
• E) $8,420

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Definitions:

Sodium

A chemical element, represented by the symbol Na, essential for many body processes including nerve signal transmission and muscle contraction.

Laboratory Result

The output or findings from diagnostic examinations performed in a controlled setting, often used to assist in medical decisions.

Potassium

An essential mineral and electrolyte in the human body that is crucial for the function of nerve and muscle cells, including the heart.

Respiratory Distress

A critical, often life-threatening condition where an individual experiences severe difficulty in breathing, requiring immediate medical attention.