6. Calculating Contingent Deferred Sales Loads. Mary Canfield purchased the New Dimensions bond fund. While this fund

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6. Calculating Contingent Deferred Sales Loads. Mary Canfield 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 Mary withdraws $4,500 during the second year, how much is the contingent deferred sales load? (Obj. 1)

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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