Ted Paulson needed money to pay for unexpected medical bills. To obtain $6,000, he decided to sale
Question:
First year......................5 percent withdrawal fee
Second year..................4 percent withdrawal fee
Third year.....................3 percent withdrawal fee
Fourth year...................2 percent withdrawal fee
Fifth year.....................1 percent withdrawal fee
If he has owned the fund for 21 months and withdraws $6,000 to pay medical bills, what is the amount of the contingent deferred sales load?
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Related Book For
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
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