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1. You invested $25,000 in a mutual fund three years ago when the NAV of the fund was $38. Today, the NAV has appreciated to $40.22. You’ve gained an additional 89.32 shares by reinvesting fund distributions. The fund levies a contingent deferred sales charge of 5 percent the first year with the charge decreasing by 1 percent each year. How much money will you receive if you redeem your shares today?
A. $30,883.98
B. $29,451.73
C. $27,652.12
D. $28.872.41
2. A company’s common stock returned 5.6, 18, -4.9, 3.2, and 15 percent over the past five years.
End of exam
What’s the standard deviation of these returns?
A. 9.25%
B. 11.35%
C. 6.68%
D. 9.45%
3.You purchased 800 shares of AAA Inc. stock at a price of $23.24 per share. You then bought put options on your shares with a strike price of $25.00 and an option premium of $1.48. At expiration the stock was selling for $28.32 a share. You sold your shares on the option expiration date. What’s your net profit or loss on your transactions of AAA Inc. stock?
A. $824
B. $2,880
C. $1,440
D. $3,660
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