2. A mutual fund charges a 5% upfront load plus reports an expense ratio of 1.34 %....
Question:
2. 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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
Question Posted: