The Offer Price of an Open-End Fund Is $18

question 48

Multiple Choice

The offer price of an open-end fund is $18.00 and the fund is sold with a front-end load of 5%? What is the fund's NAV?

• A) $18.74
• B) $17.10
• C) $15.40
• D) $16.57

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Definitions:

Reinforced

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Variable-Ratio

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In psychology, any event that strengthens or increases the likelihood of a specific response or behavior by providing a consequence an individual finds rewarding.

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A venue for performing arts in a community, providing a stage for live performances such as plays, musicals, and other theatrical productions.