Matt Owns 724

question 95

Multiple Choice

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

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Definitions:

West Coast Salmon

Salmon species found along the Pacific Coast of North America, facing challenges from overfishing, habitat loss, and climate change.

Sea Lamprey

An ancient, jawless fish known for its parasitic feeding habits, attaching to and feeding on the blood of other fish.

Overharvesting

The excessive harvesting of natural resources, leading to depletion or significant reduction in population densities.

Bycatch Problem

The issue of catching unintended species while fishing, leading to wasteful death of non-target marine life.