Final answer:
A breakpoint sale of a mutual fund at $100,000 would equal the initial NAV of the mutual fund.
Step-by-step explanation:
The answer to the question is B) The initial NAV.
A breakpoint sale of a mutual fund is a point at which the investor qualifies for a reduced sales charge based on the amount of investment. In this case, a breakpoint sale of $100,000 would equal the initial NAV of the mutual fund. The initial NAV, or Net Asset Value, is the price per share when the fund is initially launched.
For example, if the initial NAV of the mutual fund was $10, then a breakpoint sale of $100,000 would equal 10,000 shares ($100,000 / $10). It is important to note that the actual sales charge or expense ratio of the mutual fund may vary and should be checked with the specific fund provider.