Business, 30.11.2021 04:40 victoriay3

Ted Paulson needed money to pay for unexpected medical bills. To obtain $12,300, he decided to sell some of his shares in the Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that the following fees would be charged
to sell his B shares:
Ridgemoor Capital Appreciation Fund Fees
First year
6 percent withdrawal fee
Second year
5 percent withdrawal fee
Third year
4 percent withdrawal fee
Fourth year
3 percent withdrawal fee
Fifth year
2 percent withdrawal fee
If he has owned the fund for 5 months and withdraws $12,300 to pay medical bills, what is the amount of the contingent deferred sales
load?
Amount of the contingent deferred sales load

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Ted Paulson needed money to pay for unexpected medical bills. To obtain $12,300, he decided to sell...

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