Problem 16-6 Calculating Contingent Deferred Sales Loads (L016-1) Mary Canfield purchased the New Dimensions bond...
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Problem 16-6 Calculating Contingent Deferred Sales Loads (L016-1) Mary Canfield purchased the New Dimensions bond fund. While this fund doesn't charge a front-end load, it does charge a contingent deferred sales load of 2.0 percent for any withdrawals in the first five years. Mary withdraws $6,200 during the second year. How much is the contingent deferred sales load? (Round your answer to 2 decimal places.) Contingent deferred sales load
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