Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

IFSE Institute CIFC Exam - Topic 5 Question 15 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 15
Topic #: 5
[All CIFC Questions]

Derek submits an order to sell 300 units of the Evergreen Canadian Mortgage Fund at 8:00 p.m. EST on Friday, January 6. His proceeds will be based on the net asset value per unit (NAVPU) for which day (assume no holidays)?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Denny at Mar 03, 2026, 11:33 AM

Limited Time Offer

25%

Off

Get Premium CIFC Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Tamar
8 days ago
Wait, so he won't get Friday's value? That seems odd.
upvoted 0 times
...
Gail
14 days ago
Totally agree, it goes to the next business day.
upvoted 0 times
...
Lura
19 days ago
It's based on Monday's NAVPU since the order was after hours.
upvoted 0 times
...
Amie
24 days ago
Are you sure it's not Friday? I thought it could be processed then.
upvoted 0 times
...
Regenia
29 days ago
Definitely Monday, that's how it works!
upvoted 0 times
...
Valene
1 month ago
Wait, so he won't get Friday's value? That seems odd.
upvoted 0 times
...
Rolf
1 month ago
Totally agree, it goes to the next business day.
upvoted 0 times
...
Ilda
1 month ago
It's based on Monday's NAVPU since the order was after hours.
upvoted 0 times
...
Elena
2 months ago
I’m confused because I thought weekends didn’t count, but does that mean it’s Tuesday instead? I need to double-check that!
upvoted 0 times
...
Mel
2 months ago
This seems similar to a practice question we did about mutual fund transactions. I think it’s definitely Monday, January 9.
upvoted 0 times
...
Shanda
2 months ago
I’m not entirely sure, but I remember something about orders submitted after hours being processed the next day.
upvoted 0 times
...
Dierdre
2 months ago
I think the NAVPU would be based on the next business day, so that would be Monday, January 9, right?
upvoted 0 times
...

Save Cancel