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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