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Business, 25.02.2020 04:30 king3620

Matt owns 724.08 shares of a fund which has a current NAV of $41.04. He has owned all of these shares for 3.3 years. The fund charges a contingent deferred sales charge which starts at 5 percent for the first year and declines by 1 percent each year. How much cash will he receive if he redeems all of his shares today?

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Matt owns 724.08 shares of a fund which has a current NAV of $41.04. He has owned all of these share...
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