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Business, 17.12.2021 01:10 nelly1078

An investor buys 100 shares of an open-end investment company with a 5% contingent deferred sales charge. The sales charge is reduced by 1% for every full year that the fund is held. The investor redeems the 100 shares at an NAV of $15 per share after holding them for 5 months. The investor will receive: A $1,350 B $1,425 C $1,475 D $1,500

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