Loaded- Up Fund charges another fee of 1.0 percent and maintains an expense ratio of .75 percent.
Question:
Loaded- Up Fund charges another fee of 1.0 percent and maintains an expense ratio of .75 percent. Economy Fund charges a front- end load of 2 percent but has no other fees and an expense ratio of .25 percent. Assume the rate of return on both funds’ portfolios (before any fees) is 6 percent per year. Assuming $ 1,000 investment, how much will an investment in each fund grow to after
a. 1 year
b. 3 years
c. 10 years
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a b c Assume 1000 investment Yea...View the full answer
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Investments
ISBN: 978-0071338875
8th Canadian Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
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