The Offering Price of a Load Fund Equals the NAV

question 98

Multiple Choice

The offering price of a load fund equals the NAV of the fund

• A) Less an initial requirement.
• B) Plus a sales charge.
• C) Plus a sales charge and an administrative fee.
• D) Less a negotiated discount.
• E) At its stated value.

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Definitions:

Light Waves

Electromagnetic waves that are visible to the human eye, responsible for the sensation of sight.

Hue

A quality of color within the spectrum, often identified as a specific shade or tint.

Brightness

The perception of how luminous an object appears; the attribute of visual perception by which sources appear to emit more or less light.

Saturation

In color theory, saturation refers to the intensity of a color, represented by how vibrant or dull the color appears.