You invested $5,000 in a mutual fund 27 months ago when the NAV of the fund was $30.00.You have not acquired or sold any shares since that time.Today,the NAV is $28.40.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) $4,383
B) $4,450
C) $4,544
D) $4,748
E) $4,801
Correct Answer:
Verified
Q65: The European Growth Fund has $820 million
Q79: The Market Stability Fund owns the following
Q81: Seven years ago,you purchased 216.34 shares of
Q85: The Stable Utility Fund has an offering
Q86: You are investing $8,000 in a mutual
Q86: The Exploratory Fund is a new closed-end
Q88: You want to buy 1,400 shares of
Q89: Alex invested $10,000 in a mutual fund
Q95: You want to purchase a security that
Q97: Five months ago,you purchased 200 shares of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents