You Have $16,000 to Invest in a Mutual Fund with a NAV

question 36

Multiple Choice

You have $16,000 to invest in a mutual fund with a NAV = $45. You choose a fund with a 4% front load, a 1% management fee, and a 0.25% 12b-1 fee. Assume that the management and 12b-1 fees are charged on year-end assets. The gross annual return on the fund's shares was 9%. What was your net annual rate of return to the nearest basis point?

• A) 3.33%
• B) 7.64%
• C) 6.25%
• D) 4.52%
• E) 4.64% {{[$16,000 * (1-0.04) * 1.09] * (1-0.0125)}/$16,000} - 1 = 3.33%

Understand the types of psychological tests and their purposes.

Identify the characteristics that define psychological tests, such as standardization and reliability.

Recognize the role of aptitude tests in predicting future performance.

Understand the importance of achievement tests in assessing mastered knowledge.

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Definitions:

Receptors In Liver

Proteins located in the liver that bind substances like hormones and drugs, playing a crucial role in metabolism and detoxification.

Hippocampus

A region of the brain critical for the formation of new memories and involved in learning and emotions.

Estrus

The periodic sexual excitement of many female mammals as governed by levels of sex hormones.

Revascularization

A medical process aimed at restoring normal blood flow to tissues or organs that have had their blood supply compromised.