3. A mutual fund offers A shares, which have a 5% upfront load and an expense ratio...
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3. A mutual fund offers "A" shares, which have a 5% upfront load and an expense ratio of 0.76 %. The fund also offers "B" shares, which have a 3% back- end load and an expense ratio of 0.87%. Which shares make more sense for an investor looking over an 18-year horizon?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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