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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. either a front-end or rear-end load of 5.3%.
B. either a front-end or rear-end load of 5.0%.
C. a front-end load of 5.3%.
D. a front-end load of 5.0%.
Answer: D
Explanation:
Explanation/Reference:
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%.
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NEW QUESTION: 3
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Under the AWS shared responsibility model, AWS is responsible for which security-related task?
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Aalk - 2014-05-05 16:45:18
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