A mutual fund charges a 4.2% front-end load. Determine the maximum annual expense ratio you will be

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A mutual fund charges a 4.2% front-end load. Determine the maximum annual expense ratio you will be willing to pay if you do not want to pay more than 1.7% in fees per year (assume you will hold the fund for 30 years).

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Financial Markets And Institutions

ISBN: 9780138043681

10th Edition

Authors: Frederic S Mishkin, Stanley Eakins

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Question Posted: Apr 09, 2024 12:02 AM

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A mutual fund charges a 4.2% front-end load. Determine the maximum annual expense ratio you will be

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Answer To determine the maximum annual expense ratio you would be willing to pay considering the frontend load and the desired total fees per year we ...View the full answer

Financial Markets And Institutions

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