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 percent for the first 2 years after which time the charge declines by 1 percent a year.How much money will you receive if you redeem all of your shares today?
A) $9,320.38
B) $9,414.52
C) $9,505.16
D) $9,603.75
E) $9,699.79
Correct Answer:
Verified
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