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Question
Seven years ago, you purchased 216.34 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 31.02 shares. The fund currently has an NAV of $38.06. 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. $9,508.67
D. $9,603.75
E. $9,699.79
Answer
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