Matt owns 724.08 shares of a fund which has a current NAV of $41.04.He has owned all of these shares for 3.3 years.The fund charges a contingent deferred sales charge which starts at 5 percent for the first year and declines by 1 percent each year.How much cash will he receive if he redeems all of his shares today?
A) $29,121.92
B) $29,709.36
C) $30,334.82
D) $30,647.55
E) $31,023.14
Correct Answer:
Verified
Q78: The Blue Star Fund has assets with
Q79: The Latest Trend Fund has $2,648,900 in
Q80: A hedge fund:
A) may charge relatively high
Q81: A taxable money market fund has an
Q82: A closed-end fund has total assets of
Q84: Which type of investor is most apt
Q85: The Stable Utility Fund has an offering
Q86: You are investing $8,000 in a mutual
Q87: The High Yield Money Market Fund returned
Q88: You want to buy 1,200 shares of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents