If you purchased a stock today for $22 a share and expect to receive an annual dividend of $.42 next year, what would the price of the stock have to be a year from today for you to earn a 12 percent rate of return on the investment? A. $24.22 B. $23.85 C. $26.42 D. $25.14
. You purchased shares in a mutual fund recently for $52.43 per share. The NAV at the time you made the purchase was $53.88 per share. What type of fund must you have purchased? A. Closed-end B. Bond C. Open-end D. International
6. You want to buy 2,500 shares of a mutual fund with a NAV of $42.86. The fund charges a 2.75 percent front-end load. How much will it cost to make this purchase? A. $111,482.98 B. $109,825.44 C. $99,425.84 D. $110,179.95