Sean Invested $10,000 in a Mutual Fund with a Stated

question 62

Multiple Choice

Sean invested $10,000 in a mutual fund with a stated commission of 6 percent.If each share of the mutual fund had a net asset value of $27,how many shares would Sean be able to purchase?

• A)392.59
• B)394.01
• C)348.15
• D)370.37

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Definitions:

Metacognition

The ability to think about and understand one’s own cognitive processes and their effects.

Executive Functions

Cognitive processes including planning, problem-solving, and attention control, which are essential for goal-directed behavior.

Big Five

A theory describing human personality as composed of five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotions, which are consistent across various situations.