How much money would you need to purchase 400 shares of a mutual fund with an NAV of $55 per share and a 3% load?
A) $22,000
B) $21,450
C) $23,200
D) $22,660
Answer: D
Explanation: D) (400 shares × $55)/0.97 = $22,680 rounded
You might also like to view...
A(n) ________ is a rating scale that requires the respondents to express an opinion since a "no opinion" option is not provided
A) balanced rating scale B) unbalanced rating scale C) forced rating scale D) systematic rating scale E) opinion scale
Not all family law matters concern married persons
a. True b. False
If the court refuses to certify a class action lawsuit, no individual who claims an entitlement to damages can sue individually
Indicate whether the statement is true or false
In circuit switching networks, channel capacity between each pair
of stations and/or nodes along the connection path must be reserved regardless if used or not. Indicate whether the statement is true or false