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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