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Matt Owns 724

question 95

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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?


Definitions:

Hardy-Weinberg Law

The Hardy-Weinberg Law is a principle that predicts the genetic variation and allele frequencies will remain constant in a population from generation to generation, assuming no evolutionary influences affect them.

Gametic Isolation

A type of reproductive barrier where gametes (sperm and egg) of different species fail to meet or fuse, preventing gene flow between the species.

Open Water

Large bodies of water such as oceans, seas, and large lakes, where there is no nearby land within sight.

Gametes

Mature haploid sex cells, such as sperm and eggs, that unite to form a diploid zygote during sexual reproduction.

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