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Alex invested $ 1 0 , 0 0 0 in a mutual fund two and one - half years ago when the NAV of the

Alex invested $10,000 in a mutual fund two and one-half years ago when the NAV of the fund was $25. Today, the NAV has risen to $28.30. Since the time of his original investment, Alex has obtained an additional 54.36 shares by reinvesting the fund distributions. The fund charges a contingent deferred sales charge of 6% the first year with the charge decreasing by 1% each year. How much money will he receive if he redeems his shares today? -A) $11,633.78(5 points)) $11,930.52) $12,344.05D) $12,858.39E) $13,501.31

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