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. You’ve gained an…

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