Question: SEN Balanced Fund class 'B' units charge a Deferred Sales Charge that starts at 5% in year 1 and drops by 1% each subsequent year.

SEN Balanced Fund class 'B' units charge a Deferred Sales Charge that starts at 5% in year 1 and drops by 1% each subsequent year. Mr Samuel calls you to redeem $40890 from the fund that he purchased 3 years ago. If the closing NAVPS on the day of his trade is $21.16, How much units will be redeemed from Mr Samuel's account ? Please provide answer to two decimal places

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