Choosing between a mutual fund and an ETF. Lilly Hughes is considering whether she should invest some extra money in a mutual fund or an ETF. Explain the key factors that should influence her decision.

LO2 2. Estimating cost of mutual fund investments. Using the mutual fund quotes in Exhibit 13.3, and assuming that you can buy these funds at their quoted NAVs, how much would you have to pay to buy each of the following funds?

a. AEMMX

b. ADCVX

c. FCPAX

d. FSTAX According to the quotes, which of these four funds have 12b-1 fees? Which have redemption fees? Are any of them no-loads? Which fund has the highest year-to-date return? Which has the lowest? L01