Examlex
Benson's SuperMart sets retail prices so that the mark-up on everything they sell is 35% of the selling price. What price would Benson set on an item which costs him $3.28?
Mutual Funds
Investment funds that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities.
Front-end Load
A fee charged to an investor at the time of their initial investment into a mutual fund, typically used for the fund's sales commission.
Expense Ratio
The measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's assets.
Mutual Fund
An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.
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