Johanna has a sum of money to invest that she would like to have available in 7 years for a down payment on a house. She is considering investing in the Altitude Conservative Bond Segregated Fund which has a deferred sales charge (DSC). The DSC on the fund is reduced each year until the 6th year and the fund has a 10 year term. Which of the following factors poses a limitation to Johanna’s investment goal of withdrawing her investment in 7 years? 

a)The trailing commission which will reduce the withdrawal amount if withdrawn before 7 years. 

b)The maturity guarantee will not be available if the amount is withdrawn in 7 years. 

c)The management expense will reduce the withdrawal amount if withdrawn before 6 years. 

d)The deferred sales charge will reduce the withdrawal amount if withdrawn after 6 years.