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

---

Definitions:

Schemas

Cognitive frameworks or structures that help individuals organize and interpret information based on their experiences.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group.

Self-fulfilling Prophecies

Predictions that directly or indirectly cause themselves to become true, due to positive feedback between belief and behavior.

Actor-observer Bias

A cognitive bias where individuals attribute their own actions to external factors, while they attribute others' actions to internal traits or characteristics.