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ed Paulson needed money to pay for unexpected medical b ares in the Ridgemoor Capital Appreciation Fund. When he llowing fees would be charged to sell his B shares: Ridgemoor Capital Appreciation Fund Fees First year Second year Third year Fourth year Fifth year 5 percent withdrawal fee 4 percent withdrawal fee 3 percent withdrawal fee 2 percent withdrawal fee 1 percent withdrawal fee

ed Paulson needed money to pay for unexpected medical b ares in the Ridgemoor Capital Appreciation Fund. When he llowing fees would be charged to sell his B shares: Ridgemoor Capital Appreciation Fund Fees First year Second year Third year Fourth year Fifth year 5 percent withdrawal fee 4 percent withdrawal fee 3 percent withdrawal fee 2 percent withdrawal fee 1 percent withdrawal fee

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Im not sure how to calculate this contigent deferred sales load. please help

Ted Paulson needed money to pay for unexpected medical bills. To obtain $7,100, he decided to sell some of his shares in the Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that the following fees would be charged to sell his B shares: Ridgemoor Capital Appreciation Fund Fees 5 percent withdrawal fee 4 percent withdrawal fee 3 percent withdrawal fee 2 percent withdrawal fee 1 percent withdrawal fee First year Second year Third year Fourth year Fifth year If he has owned the fund for 29 months and withdraws $7,100 to pay medical bills, what is the amount of the contingent deferred sales load? Amount of the contingent deferred sales load
Transcribed Image Text:Ted Paulson needed money to pay for unexpected medical bills. To obtain $7,100, he decided to sell some of his shares in the Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that the following fees would be charged to sell his B shares: Ridgemoor Capital Appreciation Fund Fees 5 percent withdrawal fee 4 percent withdrawal fee 3 percent withdrawal fee 2 percent withdrawal fee 1 percent withdrawal fee First year Second year Third year Fourth year Fifth year If he has owned the fund for 29 months and withdraws $7,100 to pay medical bills, what is the amount of the contingent deferred sales load? Amount of the contingent deferred sales load
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