You hold 4800 units of a mutual fund you purchased for $21.60 per unit two full years ago. The NAV has lost 15 percent, since you bought. It has a 6 percent redemption fee declining 1 percent each year. If you want to cut your losses and sell, what would be your total loss?

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The Answer of You hold 4800 units of a mutual fund you purchased for $21.60 per unit two full years ago. The NAV has lost 15 percent, since you bought. It has a 6 percent redemption fee declining 1 percent each year. If you want to cut your losses and sell, what would be your total loss?

You Hold 4800 Units of a Mutual Fund You Purchased