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:

Streptococci

A genus of round-shaped bacteria, some strains of which can cause diseases in humans such as strep throat, rheumatic fever, and other infections.

Rheumatic Fever

An inflammatory disease that can develop as a complication of untreated or improperly treated strep throat or scarlet fever.

Grape-Like Clusters

A descriptive term often used in microbiology to describe the appearance of certain bacteria, such as Staphylococcus, when viewed under a microscope.

Staphylococci

A group of bacteria commonly found on the skin and in the nose, which can cause a range of infections, from minor to life-threatening.