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Question
Matt owns 724.08 shares of a fund which has a current NAV of $41.04. He has owned all of these shares for 3.3 years. The fund charges a contingent deferred sales charge which starts at 5 percent for the first year and declines by 1 percent each year. How much cash will he receive if he redeems all of his shares today?A. $29,121.92
B. $29,709.36
C. $30,334.82
D. $30,647.55
E. $31,023.14
Answer
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