Ms. Taylor purchased $25,000 of mutual fund shares. To date, the fund has paid her $1,000 of net investment income and $500 of capital gain distributions. If Ms. Taylor reinvested all of these monies back in the fund, the cost basis of her total investment is:
A. $25,000
B. $25,500
C. $26,000
D. $26,500
Answer: D
Investment
- Which TWO of the following statements are TRUE about real estate investment trusts (REITs)?
- Which of the following statements is TRUE regarding the straight life payout option available in a variable annuity?
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- Under what circumstances will the payout from a variable annuity increase?
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- Who is permitted to participate in a tax-sheltered annuity established under Internal Revenue Code Section 403(b)?
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- In reviewing prices for a mutual fund, an investor notices that the Beacon Fund has two listings, one for Class A shares and the other for Class B shares. The distinction between the two classes of shares is most likely that:
- Which of the following statements is NOT TRUE about a Keogh plan?
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