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4.) Ted Paulson needed money to pay for unexpected medical bills. To obtain $15,200, he decided to sell some of his shares in the Ridgemoor
4.) Ted Paulson needed money to pay for unexpected medical bills. To obtain $15,200, 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 5 percent withdrawal fee 4 percent withdrawal fee First year Second year Third year Fourth year Fifth year 3 percent withdrawal fee 2 percent withdrawal fee 1 percent withdrawal fee If he has owned the fund for 20 months and withdraws $15,200 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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