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Evelyn owns a fund that has a contingent deferred sales charge that starts at 8% if held less than one year and reduces by 1%

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Evelyn owns a fund that has a contingent deferred sales charge that starts at 8% if held less than one year and reduces by 1% every year the fund is held. If she purchased the fund for $10,000 and wishes to sell it after 4 years for $20,000, what would the load be? A) $1,000 B) $800 C) $500 OD) $400

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