Question: 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

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 A 4,066. 4,065.0407. 4,017. D 4,016.0643

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