You Invested $5,000 in a Mutual Fund 27 Months Ago

question 46

Multiple Choice

You invested $5,000 in a mutual fund 27 months ago when the NAV of the fund was $30.00.You have not acquired or sold any shares since that time.Today,the NAV is $28.40.The fund charges a contingent deferred sales charge of 6,5,4,3,2,2,and 1 percent if the shares are redeemed within the first 7 years,respectively.How much money will you receive if you redeem your shares today?

• A)$4,383
• B)$4,450
• C)$4,544
• D)$4,748
• E)$4,801

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Definitions:

Ganglion Cells

Specialized neurons located in the retina that play a crucial role in transmitting visual information from photoreceptor cells to the brain.

Optic Nerve

The optic nerve is a bundled set of nerve fibers that transmits visual information from the retina to the brain, playing a critical role in vision.

Place Theory

A theory in hearing that suggests different areas of the cochlea are activated by different frequencies of sound, contributing to our perception of pitch.

Eardrum

A thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves.