The Exploratory Fund Is a New Closed-End Fund Which Just

question 7

Multiple Choice

The Exploratory Fund is a new closed-end fund which just offered its shares to the public.The fund raised $65 million and each share sold for $10.The fee for the fund promoter was 6.5 percent of the initial proceeds.What was the value of your initial $20,000 purchase before the shares began trading in the marketplace?

• A)$18,400
• B)$18,700
• C)$19,100
• D)$20,000
• E)$21,300

---

Definitions:

Mentally Ill

Referring to individuals suffering from mental disorders that affect their mood, thinking, and behavior.

Social Norm Deviance

Behavior that violates societal norms or expectations, which can lead to social sanctions or increased attention from others.

Abnormality

A deviation from the normal or expected form, structure, or behavior, often indicating a functional or structural issue.

Vital Body Fluids

Traditional medical concepts that refer to bodily liquids essential for maintaining life functions, such as blood, phlegm, black bile, and yellow bile in ancient medicine.