To Purchase 750 Units of a Fund with a NAV

question 138

Multiple Choice

To purchase 750 units of a fund with a NAV of $15.56 and a 4 percent load fee, what amount would you need to make the purchase?

• A)$12 136.80
• B)$11 203.20
• C)$11 670.00
• D)Unknown

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Definitions:

Sherman Antitrust Act

A landmark federal statute passed in 1890 aimed at promoting economic competition by prohibiting monopolies and other activities that restrict trade.

Congress

The bicameral legislature of the federal government of the United States, consisting of two chambers: the Senate and the House of Representatives.

Antitrust Laws

Legislation enacted to prevent new monopolies from forming, break up those that already exist, and regulate anti-competitive practices that may harm the market or consumers.

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Programs and policies designed to improve the well-being of individuals and groups in society, often provided by the government.