1. The Equity Fund sells Class A shares with a front-end load of 4% and Class B shares with 12b-1 fees of 0.5% annually and a back-end load fees that start @5% and fall by 1% for each full year the investor holds the portfolio (until the 5th year). Assume the rate of return on the fund portfolio net of operating expenses is 10% annually. What will be the value of a $10,000 investment in Class A and Class B shares if the shares are sold after a. 1 year b. 4 years c. 10 years 2. An investor's portfolio currently is worth $1 million. During the year, the investor sells 1,000 shares of FedEx at a price of $90 per share and 5,000 shares of Cisco Systems at $15 per share. The proceeds are used to buy 1,000 shares of IBM at $65 per share. a. What was the portfolio turnover rate? b. If the shares in FedEx originally were purchased for $80 each and those in Cisco were purchased for $12.50, and if the investor's tax rates on capital gains income is 15%, how much extra will the investor owe on this year's taxes as a result of those transactions