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How many units will be redeemed from Mr Samuel account

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Question - SEN Balanced Fund Class "B" units charge a Deferred Sales Charge that starts at 5% in year 1 and drops by 1% each subsequent year. Mr. Samuel calls you to redeem $47066 from the fund that he purchased 3 years ago. If the closing NAVPS on the day of his trade is $15.91, how many units will be redeemed from Mr. Samuel's account?

Reference no: EM133147451

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