A Fund Is Set Up to Charge a Load

question 50

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. What is the dollar value of the load (commission) ?

• A)$18.60
• B)$17.70
• C)$.95
• D)$.90
• E)$.50

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Definitions:

Self-Direction

The capacity or ability of individuals to guide, control, and manage their own actions and decisions.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions, often leading to innovative and unexpected conclusions.

Creative Process

Refers to the sequence of thoughts and actions leading to the production of novel and useful ideas or artifacts, encompassing stages like preparation, incubation, illumination, and verification.

Incubation Stage

A phase in the creative process where ideas mature and develop subconsciously before being realized or brought to fruition.