Question
Charlotte invested $10,000 in a mutual fund three years ago when the NAV of the fund was $25 . Today, the NAV has risen to
Charlotte invested
$10,000
in a mutual fund three years ago when the NAV of the fund was
$25
. Today, the NAV has risen to
$31,50
. The fund charges a contingent deferred sales charge of 3 percent. How much money will Charlotte receive if she redeems her shares today?\ A.
$11,240.50
\ B.
$12,22200
\ C.
$11,633.40
\ D.
$12,700.05
\ E.
$12,55885
Charlotte invested
$10,000
in a mutual fund three years ago when the NAV of the fund was
$25
. Today, the NAV has risen to
$31,50
. The fund charges a contingent deferred sales charge of 3 percent. How much money will Charlotte receive if she redeems her shares today?\ A.
$11,240.50
\ B.
$12,22200
\ C.
$11,633.40
\ D.
$12,700.05
\ E.
$12,55885
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/665057c9db556_385665057c93dcf5.jpg)
Charlotte invested $10,000 in a mutual fund three years ago when the NAV of the fund was $25. Today, the NAV has risen to $31.50 The fund charges a contingent deferred sales charge of 3 percent. How much money will Charlotte receive if she redeems her shares today? O A. $11,240.50 OB. $12,222.00 OC. $11,633.40 OD. $12,700 05 OE. $12,558 85
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