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An investor buys 100 shares of an open-end investment company with a 4% contingent deferred sales charge. The sales charge is reduced by 1% for
An investor buys 100 shares of an open-end investment company with a 4% contingent deferred sales charge. The sales charge is reduced by 1% for every full year that the fund is held. The investor redeems the 100 shares at an NAV of $20 per share after holding them for 1 year and 2 months. The investor will receive:
A $1,880
B $1,900
C $1,920
D $1,940
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