Jayne Lo, is a musician and invested $15,000 in a mutual fund. Now, in the 4th...

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Jayne Lo, is a musician and invested $15,000 in a mutual fund. Now, in the 4th year, her account value is $18,800 and Jayne decides to sell her investment because she needs the money for a new concert dress. When she contacts the mutual fund to issue her instructions, she finds out that her fund charges a "back-end load". It calculates the fee owed on the NAVPS of the fund at the time of redemption. Based on the following fee schedule, (i) what is the fee the mutual fund will collect and (ii) how much money will Jayne receive? If Redeemed in Year... Fee Charged 6% 5% 4% 3% 2% 1% 0% O $450 in fees and Jayne receives $18,350 O $600 in fees and Jayne receives $18,200 O $564 in fees and Jayne receives $18,236 O $752 in fees and Jayne receives $18,048 A Moving to another question will save this response. <<Question 7 of 20 » C Jayne Lo, is a musician and invested $15,000 in a mutual fund. Now, in the 4th year, her account value is $18,800 and Jayne decides to sell her investment because she needs the money for a new concert dress. When she contacts the mutual fund to issue her instructions, she finds out that her fund charges a "back-end load". It calculates the fee owed on the NAVPS of the fund at the time of redemption. Based on the following fee schedule, (i) what is the fee the mutual fund will collect and (ii) how much money will Jayne receive? If Redeemed in Year... Fee Charged 6% 5% 4% 3% 2% 1% 0% O $450 in fees and Jayne receives $18,350 O $600 in fees and Jayne receives $18,200 O $564 in fees and Jayne receives $18,236 O $752 in fees and Jayne receives $18,048 A Moving to another question will save this response. <<Question 7 of 20 » C

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