The Druid Fund Has a NAV of $9

question 95

Multiple Choice

The Druid Fund has a NAV of $9.00 and an offer price of $9.45.We know,then,that

• A)Druid is a load fund.
• B)Druid is about to be issued to the public as a no-load fund with a $0.45 offer cost.
• C)shares can be purchased only through a stockbroker.
• D)there is a $0.45 premium paid to investors to buy the shares.

---

Definitions:

Organizational Charts

Visual diagrams that depict the structure of an organization, including the hierarchy of roles, responsibilities, and relationships.

Telecommuting

The practice of working from a remote location, outside of the traditional office environment, often facilitated by digital communication tools.

Greenhouse Gases

Gases such as carbon dioxide, methane, and nitrous oxide that trap heat in the Earth's atmosphere, contributing to global warming and climate change.

Data Breaches

Incidents where confidential, protected, or sensitive data has been accessed or disclosed in an unauthorized manner, potentially leading to identity theft or other forms of fraud.