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A year and a half ago Jon purchased 5000 shares for $15.75/share. Jon sells 3000 shares on Dec 16th 2021 when the share price was
A year and a half ago Jon purchased 5000 shares for $15.75/share. Jon sells 3000 shares on Dec 16th 2021 when the share price was $19.95/share. His broker counseled him not to sell as the fund was back end loaded. YEAR DEFERRED SALES CHARGE with in 1st 6% 2nd 5% 3rd 4% 4th 3% 5th 2% 6th 1% after 6th 0% What is the amount he will receive (ignore income taxes) for the sale of these shares when the deferred sales charge is applied to the selling price?
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