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

---

Definitions:

Employment Relationship

The legal link between employers and employees, defining their rights and obligations in the workplace.

Arbitrarily Discipline

To issue punitive actions in a manner that is random, unfair, or not based on specific rules or standards.

Supervisors

Individuals with managerial authority responsible for overseeing the work of others and ensuring tasks are completed.

Labor Relations System

The complex of policies, practices, and institutions involved in the management of the workforce, including the negotiation, interpretation, and enforcement of collective bargaining agreements.