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A Fund Is Set Up to Charge a Load

question 30

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.By what percentage would the net asset value of the shares have to increase for you to break even?


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Requirements

Conditions or capacities needed by individuals or systems to achieve specific goals or functions.

Oral Agreement

A contract or agreement where the terms have been spoken but not written down, yet is legally binding.

Perform Services

The act of carrying out tasks or duties for someone else, typically in exchange for payment.

Statute of Frauds

The Statute of Frauds is a legal principle that requires certain types of contracts to be in writing and signed by the party being charged, to be enforceable.

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