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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 $ in a mutual fund two and onehalf years ago when the NAV of the fund was $ Today, the NAV has risen to $ Since the time of his original investment, Alex has obtained an additional shares by reinvesting the fund distributions. The fund charges a contingent deferred sales charge of the first year with the charge decreasing by each year. How much money will he receive if he redeems his shares today? A $ points $ $D $E $
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