Six years ago, you purchased 210.20 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 36.32 shares. The fund currently has an NAV of $38.95. The fund charges a contingent deferred sales charge of 5% for the first 2 years after which time the charge declines by 1% a year. How much money will you receive if you redeem all your shares today?

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The Answer of Six years ago, you purchased 210.20 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 36.32 shares. The fund currently has an NAV of $38.95. The fund charges a contingent deferred sales charge of 5% for the first 2 years after which time the charge declines by 1% a year. How much money will you receive if you redeem all your shares today?

Six Years Ago, You Purchased 210