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 hisshares in the Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that thefollowing fees would be charged to sell his B shares:Ridgemoor Capital Appreciation Fund Fees5 percent withdrawal fee4 percent withdrawal fee3 percent withdrawal fee2 percent withdrawal fee1 percent withdrawal feeFirst yearSecond yearThird yearFourth yearFifth yearIf he has owned the fund for 29 months and withdraws $7,100 to pay medical bills, what is the amount of thecontingent deferred sales load?Amount of the contingent deferred sales load

Sometimes, withdrawal fee is applicable. It is calculated by multiplying the fee percentage times…

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

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 8E

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