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? O A. $11,240.50 OB. $12,222.00 OC. $11,633.40 OD. $12,700 05 OE. $12,558 85