Question: SEN Balanced Fund Class B units charge a Deferred Sales Charge that starts at 8% in year 1 and drops by 1% each subsequent year.

SEN Balanced Fund Class "B" units charge a Deferred Sales Charge that starts at 8% in year 1 and drops by 1% each subsequent year. Mr. Samuel calls you to redeem $66462 from the fund that he purchased 3 years ago. If the closing NAVPS on the day of his trade is $13.53, how many units will be redeemed from Mr. Samuel's account?

please provide your answer to two decimal places (e.g. 1234.50)

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