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You invested $25,000 in a mutual fund three years ago when the NAV of the fund was $38. Today, the NAV has appreciated to $40.22.
You invested $25,000 in a mutual fund three years ago when the NAV of the fund was $38. Today, the NAV has appreciated to $40.22. You've gained an additional 89.32 shares by reinvesting fund distributions. The fund levies a contingent deferred sales charge of 5 percent the first year with the charge decreasing by 1 percent each year. How much money will you receive if you redeem your shares today? A. $28.872.41 B. $29,451.73 C. $30,883.98 D. $27,652.12
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