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A fund has deferred sales change (DSC) rates as shown in the table below, and Polly had invested 200 units when the NAVPS was $28.82.
- A fund has deferred sales change (DSC) rates as shown in the table below, and Polly had invested 200 units when the NAVPS was $28.82. It is now the 4th year of ownership and the NAVPS is $32.12 was redeemed. If she redeems 100 units, how much will the Net Redemption Value be?
| Year of Investment | Deferred Sales Charge |
| 0 (year of investment) | 7% |
| 1 | 6% |
| 2 | 5% |
| 3 | 4% |
| 4 | 3% |
| 5 | 2% |
| 6 | 1% |
| 7 and thereafter | 0% |
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Family Enterprise Understanding Families In Business And Families Of Wealth + Online Assessment Tool
Authors: Family Firm Institute
1st Edition
1118730925,1118730984
