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62 A year and a half ago, Mark purchased 5,000 shares in a mutual fund called Epic Inc. for $15.75/ share. Mark decided to sell
62 A year and a half ago, Mark purchased 5,000 shares in a mutual fund called Epic Inc. for $15.75/ share. Mark decided to sell 3,000 shares on April 20, 2022, when the share price was at $19.95/ share. His investment broker counseled him not to sell as the fund was a back-end loaded fund. What is the amount Mark will receive for the sale of these shares when the deferred sales charge is applied to the selling price (ignore income taxes)? $9,607.50 (B) $94,762,50 $56,259.00 $56,857.50 $16,012.50
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