6
InstructionMultiple Choice

Mutual Funds

Question 6 • ****Spring 2026 Financial Math - MA2007 MQS21QXV

A mutual fund’s net asset value increases by $5 per share. An investor who owns 450 shares of this fund sells them all for a profit of $2,205. What can you conclude about the fund? a. The fund is a no-load fund. b. The fund had a $0.10 per share commission when purchased. c. The fund had a $1.00 per share commission when purchased. d. The fund had a $10.00 per share commission when purchased. Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
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A mutual fund’s net asset value increases by $5…