Matt Owns 724

question 96

Multiple Choice

Matt owns 724.08 shares of a fund which has a current NAV of $41.04. He has owned all these shares for 3.3 years. The fund charges a contingent deferred sales charge which starts at 5% for the first year and declines by 1% each year thereafter. 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

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Definitions:

Common Causes

Factors that consistently contribute to a process's variability; inherent within the process and usually indicative of systemic issues.

Variation

The extent to which data points in a dataset differ from each other and from their average value.

Control Chart

A graphical tool used in process control to display how a process varies over time and to detect whether a process is statistically controlled.

Attributes Data

Qualitative data that is categorized based on attributes or characteristics, rather than numerical values.