You Invest in a Mutual Fund That Charges a 3

question 73

Multiple Choice

You invest in a mutual fund that charges a 3% front end load,1% total annual fees,and a 0% back end load on Class A shares.The same fund charges 0% front end load,1% total annual fees,and a 2% back end load on Class B shares.What are the total fees in year one on a Class B investment of $20,000 if you redeem shares with no growth in value?

• A) 596
• B) 794
• C) 885
• D) 902

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Definitions:

Variance

A statistical measure of the dispersion or spread in a set of data points, indicating how much they differ from the average.

Behavioral Measure

An assessment or observation of actions and behaviors, often used in psychological research to quantify behavior in a reliable and valid manner.

Situational Variable

Any external factor that can influence behavior in a given context.

Personality Literature

involves the scholarly and scientific studies, writings, and discussions on the patterns of thoughts, feelings, and behaviors that make a person unique.