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Francesca withdrew $7,000 from B shares that she owned in the Already Been Counted mutual fund...

Francesca withdrew $7,000 from B shares that she owned in the Already Been Counted mutual fund within one year of her purchase. If she must pay a 5% contingent deferred sales fee, what will her total fee be?

$0

$3.50

$35.00

$350.00

$3,500.00

Solutions

Expert Solution

She Withdrew = $7000

Fees = 5%

Contingent deferred sales fee = $7000 * 5% = $350

She actually receive = $7,000 - $350 = $6,650

So, her total fees = $350

jeff jeffy answered 2 years ago
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