The NAV of an Open-Ended Mutual Fund Priced at $10

question 53

Multiple Choice

The NAV of an open-ended mutual fund priced at $10 be if the load is 4%?

• A) $10.40
• B) $10.00
• C) $9.60
• D) $9.40
• E) $9.20

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Definitions:

Human Impacts

The effects and consequences of human activities on the environment, including those that alter the Earth's natural processes.

Tropical Rain Forest

A dense, warm, and wet forest found near the equator, characterized by high biodiversity, consistent rainfall, and evergreen trees.

Temperate Rain Forest

A type of biome characterized by high rainfall, located in temperate regions, supporting a diverse range of plants and animals.

Desert Plants

Plants adapted to arid environments with strategies to conserve water, such as deep roots and reduced leaf surface area.