Solution-Deferred sales change, A fund has deferred sales

Deferred sales change

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Reference no: EM133113185

A fund has deferred sales change (DSC) rates as shown in the table below, and Polly had invested 200 units when the NAVPS was $26.44. It is now the 4th year of ownership and the NAVPS is $33.98 was redeemed. If she redeems 100 units, how much will the Net Redemption Value be?

Year of Investment	Deferred Sales Charge
0 (year of investment)	7%
1	6%
2	5%
3	4%
4	3%
5	2%
6	1%
7 and thereafter	0%

Reference no: EM133113185

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Deferred sales change

Reference no: EM133113185

Reference no: EM133113185

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