Mary Canfield purchased the New Dimensions bond fund. While this fund doesn't charge a front -end load,

Question:

Mary Canfield purchased the New Dimensions bond fund. While this fund doesn't charge a front -end load, it does charge a contingent deferred sales load of 4 percent for any withdrawals for the first five years. If Mary withdraws $7,500 during the second year, how much is the contingent deferred sales fee?