Matt Owns 724

question 5

Multiple Choice

Matt owns 724.08 shares of a fund which has a current NAV of $44.17. He has owned all of these shares for 3.3 years. The fund charges a contingent deferred sales charge which starts at 6 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) $29,396.63
• B) $29,709.36
• C) $30,334.82
• D) $30,647.55
• E) $31,023.14

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Definitions:

Gestalt Principles

A concept suggesting that the brain works in a holistic, parallel, and analog manner, characterized by its self-organizing features.

Continuity

The concept or state of uninterrupted flow or progression, often discussed in the context of developmental psychology and the gradual development of individuals over time.

Simplicity

The quality or condition of being easy to understand or do, not complicated.

Similarity

The degree to which two or more entities share common attributes, characteristics, or qualities.