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Kyle purchased 3000 shares of ABC fund 4 years ago at NAV of $14.0; back end load begins at 5% and declines by 1% each
Kyle purchased 3000 shares of ABC fund 4 years ago at NAV of $14.0; back end load begins at 5% and declines by 1% each year to 0%; current NAV $30.20; He wants to sell 50 shares from his holdings; what is Kyle's net proceed from the transaction?
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