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CANADIAN SECURITIES: Monday morning, Armand received a call from a client wanting to redeem $50,000 from his mutual fund. Armand immediately checked the price for
CANADIAN SECURITIES: 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? A) 4066 b) 4017 C) 4065.0407 d) 4016.0643
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
