A mutual fund charges a 5% upfront load plus reports an expense ratio of 1.34%. If an

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A mutual fund charges a 5% upfront load plus reports an expense ratio of 1.34%. If an investor plans on holding a fund for 30 years, what is the average annual fee, as a percent, paid by the investors?

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:14 AM

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A mutual fund charges a 5% upfront load plus reports an expense ratio of 1.34%. If an

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Financial Markets And Institutions

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