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1. You invest $20,000 in the Students Choice Fund, which has a NAV of $35 per share at the beginning of the year. The securities
1. You invest $20,000 in the Students Choice Fund, which has a NAV of $35 per share at the beginning of the year. The securities in the fund increased in value by 12% during the year. The fund has a 12b-1 fee of 0.4%, a management fee of 0.8%, and a back-end load of 3%. Fund liabilities are calculated based on year-end asset values
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
