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Six years ago, you purchased 210.20 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 36.32 shares.
Six years ago, you purchased 210.20 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 36.32 shares. The fund currently has an NAV of $38.95. The fund charges a contingent deferred sales charge of 5 percent for the first 2 years after which time the charge declines by 1 percent a year. How much money will you receive if you redeem all of your shares today?
A)$9,505.16 B)$9,414.52 C)$9,603.75 D)$9,699.79 E)$9,320.38
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