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(10 points) Fund A has a fee structure: 1.5% management fee 0.5% 12b-1 fee 10% front-end load 5% back-end load An investor invests $1,000,000 in
- (10 points) Fund A has a fee structure:
1.5% management fee
0.5% 12b-1 fee
10% front-end load
5% back-end load
An investor invests $1,000,000 in this fund, holds the shares for a year. The funds per share price decreases from $100 to $90 in this one year. At the end of the year, this investor sells all the shares. What is the $ return and what is the % return of this investment?
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