Question: As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the

 As Bart Brownlee approached retirement, he decided the time had come

to invest some of his nest egg in a conservative fund. He

As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities Fund. If he invests $45,000 and the fund charges a load of 3 percent when shares are purchased, what is the amount of commission (load) Bart must pay? Commission (load) Mary Canfield purchased shares in the New Dimensions Global Growth Fund. This fund doesn't charge a front-end load, but it does charge a contingent deferred sales load of 45 percent for any withdrawals during the first year. If Mary withdraws $9200 during the first year, how much is the contingent deferred sales load? Contingent deferred sales load

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!