Seven Years Ago,you Purchased 216

question 32

Multiple Choice

Seven years ago,you purchased 216.34 shares of a mutual fund.Since then,you have reinvested your fund dividends and acquired an additional 31.02 shares.The fund currently has an NAV of $38.06.The fund charges a contingent deferred sales charge of 5 percent for the first 2 years after which time the charge declines by 1 percent a year.How much money will you receive if you redeem all of your shares today?

• A)$9,320.38
• B)$9,414.52
• C)$9,508.67
• D)$9,603.75
• E)$9,699.79

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Definitions:

Suez Canal

A man-made waterway in Egypt, connecting the Mediterranean Sea to the Red Sea, facilitating international maritime trade.

Mass Consumption

Mass consumption refers to the widespread purchase and use of goods and services by a large portion of the population, characterized by high levels of consumer spending and the availability of a wide range of products.

Popular Culture

Cultural activities, products, or phenomena that are widespread and commonly accepted or valued by the general public, often contrasted with high culture or elite culture.

Civil Rights Protests

Public demonstrations in the 1950s and 1960s, primarily in the United States, aimed at ending racial segregation and discrimination against African Americans and securing legal recognition and federal protection of the citizenship rights enumerated in the Constitution and federal law.