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

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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?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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