Matt owns 724.08 shares of a fund which has a current NAV of $44.17. He has owned all of these shares for 3.3 years. The fund charges a contingent deferred sales charge which starts at 6 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) $29,396.63
B) $29,709.36
C) $30,334.82
D) $30,647.55
E) $31,023.14
Correct Answer:
Verified
Q81: A taxable money market fund has an
Q84: You invested $5,000 in a mutual fund
Q85: The Stable Utility Fund has an offering
Q86: You are investing $8,000 in a mutual
Q86: The Exploratory Fund is a new closed-end
Q94: The High Yield Money Market Fund returned
Q94: One year ago,you invested $7,000 in the
Q95: A closed-end fund has total assets of
Q95: The Aggressive Eastern Fund sold $167 million
Q102: What are the primary differences between an
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