Section Candidate: SHARMA Himanshi Monday morning, Armand received a call from a client wanting to redeem $50,000 from his mutual fund. Armand immediately checked the price for the fund and submitted the redemption request. The posted NAVPS at the time when Armand submitted the request is $12.45. However, due to market fluctuation, the NAVPS decreased to $12.30 at the end of the day. How many units would have been redeemed from the fund to fulfill the client's redemption request? Acronyms Calculator A. 4,017. B. 4.066. C. 4.065.0407. This page requires scrolling D. 4,016.0643. Back Next>> Progress 09 Finish Section Candidate: SHARMA Himans A mutual fund investor has a fixed-dollar withdrawal plan where the amount to be withdrawn is based on an anticipated rate of return for the fund of 8%. If a fund earns 7% per year, how will the fixed-dollar withdrawal plan be administered? 店 Acronyms Calculator A. The withdrawals will cease until the fund generates the expected 8% rate of return. B. The shortfall will be paid out from the invested principal. C. The withdrawal amount will be adjusted automatically to reflect the lower performance of the portfolio. D. The issuer of the plan will fund the shortfall to provide the fixed-dollar amount.
Section Candidate: SHARMA Himanshi Monday morning, Armand received a call from a client wanting to redeem $50,000 from his mutual fund. Armand immediately checked the price for the fund and submitted the redemption request. The posted NAVPS at the time when Armand submitted the request is $12.45. However, due to market fluctuation, the NAVPS decreased to $12.30 at the end of the day. How many units would have been redeemed from the fund to fulfill the client's redemption request? Acronyms Calculator A. 4,017. B. 4.066. C. 4.065.0407. This page requires scrolling D. 4,016.0643. Back Next>> Progress 09 Finish Section Candidate: SHARMA Himans A mutual fund investor has a fixed-dollar withdrawal plan where the amount to be withdrawn is based on an anticipated rate of return for the fund of 8%. If a fund earns 7% per year, how will the fixed-dollar withdrawal plan be administered? 店 Acronyms Calculator A. The withdrawals will cease until the fund generates the expected 8% rate of return. B. The shortfall will be paid out from the invested principal. C. The withdrawal amount will be adjusted automatically to reflect the lower performance of the portfolio. D. The issuer of the plan will fund the shortfall to provide the fixed-dollar amount.
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Transcribed Image Text:Section
Candidate: SHARMA Himanshi
Monday morning, Armand received a call from a client wanting to redeem $50,000 from his mutual
fund. Armand immediately checked the price for the fund and submitted the redemption request.
The posted NAVPS at the time when Armand submitted the request is $12.45. However, due to
market fluctuation, the NAVPS decreased to $12.30 at the end of the day. How many units would
have been redeemed from the fund to fulfill the client's redemption request?
Acronyms
Calculator
A.
4,017.
B.
4.066.
C.
4.065.0407.
This page requires scrolling
D.
4,016.0643.
Back
Next>>
Transcribed Image Text:Progress 09
Finish Section
Candidate: SHARMA Himans
A mutual fund investor has a fixed-dollar withdrawal plan where the amount to be withdrawn is
based on an anticipated rate of return for the fund of 8%. If a fund earns 7% per year, how will the
fixed-dollar withdrawal plan be administered?
店 Acronyms
Calculator
A.
The withdrawals will cease until the fund generates the expected 8% rate of return.
B.
The shortfall will be paid out from the invested principal.
C.
The withdrawal amount will be adjusted automatically to reflect the lower performance of the
portfolio.
D.
The issuer of the plan will fund the shortfall to provide the fixed-dollar amount.
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