CANADIAN SECURITIES: Monday morning, Armand received a call from a client wanting to redeem $50,000 from his

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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 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

Posted Date: May 18, 2024 01:02 PM

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CANADIAN SECURITIES: Monday morning, Armand received a call from a client wanting to redeem $50,000 from his

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