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A customer sells stock out of his account receiving net proceeds of $28,000. The customer wishes to use the proceeds to buy ACME mutual fund

A customer sells stock out of his account receiving net proceeds of $28,000. The customer wishes to use the proceeds to buy ACME mutual fund shares. The fund has breakpoints at $5,000 intervals. The customer has no additional funds available for investment. You should recommend that the customer:

A reinvest $25,000 ACME fund, and use the remaining $3,000 to buy common stocks

B sign a Letter of Intent to buy $30,000 of ACME fund

C invest an additional $2,000 in ACME fund in addition to the proceeds from the stock sale

D refrain from investing in ACME fund until $30,000 has been accumulated

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