You invested 5000 in a mutual fund 27 months ago when the, Financial Management

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You invested 5000 in a mutual fund 27 months ago when the

You invested $5,000 in a mutual fund 27 months ago when the NAV of the fund was $30.00. You have not acquired or sold any shares since that time. Today, the NAV is $28.40. The fund charges a contingent deferred sales charge of 6, 5, 4, 3, 2, 2, and 1 percent if the shares are redeemed within the first 7 years, respectively. How much money will you receive if you redeem your shares today?

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Financial Management: You invested 5000 in a mutual fund 27 months ago when the

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Financial Management: You invested 5000 in a mutual fund 27 months ago when the

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