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Business, 28.05.2021 01:40 brea2006

An investor purchases 1,000 mutual fund shares with a Net Asset Value of $10 each, where the fund imposes a 5% contingent deferred sales charge if the shares are redeemed within the first year. The sales charge decreases by 1% for each year the investor remains invested in the fund. If the investor were to redeem within the first year based upon the current NAV, he or she will receive: A $10,500 B $10,000 C $9,500 D $9,000

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An investor purchases 1,000 mutual fund shares with a Net Asset Value of $10 each, where the fund im...
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