You invested $4,500 in a mutual fund 38 months ago when the NAV of the fund was $31.80.You have not acquired or sold any shares since that time.Today,the NAV is $30.84.The fund charges a contingent deferred sales charge of 6,5,4,3,2,2,and 1 percent if the shares are redeemed within the first 7 years,respectively.How much money will you receive if you redeem your shares today?
A) $4,183.86
B) $4,233.23
C) $4,344.00
D) $4,448.15
E) $4,501.91
Correct Answer:
Verified
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