You Invested $1,000 in a Mutual Fund with a 4

question 68

Multiple Choice

You invested $1,000 in a mutual fund with a 4% load when the NAV was $20 per share.If you sell your shares at an NAV of $24 per share,what is the return on your investment?

• A) 14.8%
• B) 15.2%
• C) 12.5%
• D) 10.8%

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Definitions:

Rituals

Set patterns of behavior that are performed as part of a cultural or religious practice.

Primitive Societies

Refers to early societies that had not developed significant technological advancements, complex social structures, or written language.

Light Blue

A color that is part of the blue hue family, typically associated with calmness, serenity, and stability, often used to evoke a sense of peace and tranquility.

South East Asia

A geographical region located to the east of the Indian subcontinent and south of China, comprising countries like Thailand, Vietnam, and Indonesia.