Nina Collins purchased the New Dimensions bond fund. While this fund doesnt charge a front-end load, it

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Nina Collins purchased the New Dimensions bond fund. While this fund doesn’t charge a front-end load, it does charge a contingent deferred sales load of 4 percent for any withdrawals in the first five years. If Nina withdraws $5,600 during the second year, how much is the contingent deferred sales load?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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