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NEW QUESTION: 1
Steve Sharp sees a quote for a mutual fund that indicates the fund has a net asset value (NAV) of $26.60
and a public offering price (POP) of $28.00. Based on this, Mr. Sharp quickly ascertains that this fund
must have:
A. a front-end load of 5.3%.
B. a front-end load of 5.0%.
C. either a front-end or rear-end load of 5.0%.
D. either a front-end or rear-end load of 5.3%.
Answer: B
Explanation:
A mutual fund that is reported to have a NAV of $26.60 and a POP of $28.00 must have a
front-end load of 5.0%. Front-end load = (POP - NAV)/POP = ($28.00 - $26.60)/$28.00 = 5.0%.
NEW QUESTION: 2
Answer:
Explanation:
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NEW QUESTION: 3
A glass bottle manufacturer uses route operations to schedule resources and track manufacturing costs.
The company has recently seen an increase in demand and purchases another resource. The company uses the same costs per resource. However, the new resource costs more to run. The company must be able to track cost contributions for the new resource.
You need to create a cost category for the new resource.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
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