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An investor purchased $75,000 of Class A shares with a breakpoint at $100,000. The investor signs an LOI to receive the reduced sales charge. Over
An investor purchased $75,000 of Class A shares with a breakpoint at $100,000. The investor signs an LOI to receive the reduced sales charge. Over the next 6 months, the investor automatically reinvests $500 in dividends and $1,000 in gains. How much more does this investor need to deposit into the fund to fulfill the LOI? A $24,500 B $24,000 C $25,000 D $23,500
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