A Fund Is Set Up to Charge a Load

question 61

Multiple Choice

A fund is set up to charge a load.Its net asset value is $17.70 and its offer price is $18.60.Assume the fund increased in value by $.40 the first month after your purchased 100 shares.What is the total dollar gain or loss?

• A)$50 gain
• B)$50 loss
• C)$40 loss
• D)$40 gain
• E)$90 gain

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Definitions:

Constant

A fixed value that does not change in mathematical equations or in the analysis of data.

Age

A measure of the time someone or something has existed, typically expressed in years.

Cause-and-Effect

A relationship where one event (the cause) leads to the occurrence of another event (the effect).

Lurking Variable

A variable that is not directly studied yet influences the relationship between the independent and dependent variables under investigation.