An investor deposits $50 000 into an open-end mutual fund. The fund has a front-end load of 2.5%, a 4% back-end load for the first year, and an expense ratio of 0.6%. If the fund earns a gross return of 13% over the year, how much money can the investor redeem at the end of the year?
Select one:
A. $50 263.20
B. $54 795.00
C. $56 500.00
D. $52 603.20
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