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NEW QUESTION: 1
Clark Watson wants to purchase 300 shares of Babylon High Income fund, an open-end fund. How much must Clark pay to Babylon, if the fund has an NAV of $55.40 and a front-end load of 5%?
A. $17,451.00
B. $15,789.00
C. $17,494.73
Answer: C
Explanation:
Load funds charge investors an initial sales charge. The charge is made when an investor buys the shares (front-end load). The offering price of a load fund equals the NAV of the fund plus the load. Watson needs to have $16,620 (300 x $55.40) in his account after the fund has taken out 5% load from whatever amount Clark pays. In other words, Clark must tender enough funds so that 95% of those funds equal $16,620: Funds required = $16,620/0.95 = $17,494.73
NEW QUESTION: 2
A. Option C
B. Option D
C. Option A
D. Option B
Answer: B
NEW QUESTION: 3
Which three options are available for Business rule conflict resolution in Process Cloud Service?
A. Override
B. Skip
C. No Conflict
D. Conflict
E. Escalate
Answer: A,C,D
Explanation:
https://docs.oracle.com/en/cloud/paas/process-cloud/user/editing-rule-and-decision-table-properties.html Reference:
https://docs.oracle.com/en/cloud/paas/process-cloud/user/adding-conflict-resolutions-decision-tables.html