If You Invest $10,000 in a Mutual Fund with a NAV

question 44

True/False

If you invest $10,000 in a mutual fund with a NAV of $50 per share and a 5.5% back-end load, you will receive less than 200 shares in the fund.
A back-end load is not paid until fund shares are sold.

---

Definitions:

Diathermy

A medical and surgical technique involving the use of high-frequency electric currents to heat deep muscular tissues, reducing pain and improving circulation.

Therm

A unit of heat energy, equivalent to 100,000 British thermal units (BTUs), used mainly for heating.

Hemopoiesis

The production of all types of blood cells in the bone marrow, including red blood cells, white blood cells, and platelets.

Muscular System

The biological system that comprises of all the muscles in the body and enables movement, both voluntary and involuntary, as well as posture maintenance.