Marisa Callaghan Just Purchased 100 Shares in the All-Inclusive Fidelity

question 71

Multiple Choice

Marisa Callaghan just purchased 100 shares in the All-Inclusive Fidelity Fund.The purchase cost for each share was $30.If this fund charges a 6 percent load, what is the total amount of commission she will pay the investment company?

• A)$3,000
• B)$1,800
• C)$180
• D)$2,000
• E)It is impossible to calculate Ms.Callaghan's total investment with this information

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Definitions:

Large Stock Dividend

A dividend payment made in the form of additional shares rather than cash, usually representing a significant increase in a company's share base.

Price-earnings Ratio

A ratio for valuing a company that measures its current share price relative to its per-share earnings.

Weighted-average Shares

A calculation used in finance to adjust the number of outstanding shares for changes over a reporting period, impacting earnings per share calculations.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing ownership equity spread among shareholders.