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#4 Understanding the Costs Involved in Mutual Fund Investments The following table presents information on four different open-end mutual funds. Use the information in the
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Understanding the Costs Involved in Mutual Fund Investments The following table presents information on four different open-end mutual funds. Use the information in the table to answer the questions that follow. FUND NAV NET CHG YTD 4 RET Mint -0.04 3.1 20.32 10.77 IntRA 6.0 0.06 0,20 MRGG 3.5 33.81 35.21 TOPLA 0.29 9,6 The mutual fund charges a 12b-1 Tea True or False: You can generally expect funds that charge 12b-1 teas to outperform funds that do not charge these teen o True False Suppose TopCA has a front-end load fee of 2%. If you purchase 100 shares of this fund at the NAV, you will pay a commission of in one month you sell the shares, you y pay a redemption fee at that time. . If you are interested only in funds without any fee, you the quotations as listed in the table, it is to use additional online resources to find no-load funds, because using only to determine the amount of any front-end load fe that the fund may charge Understanding the Costs Involved in Mutual Fund Investments The following table presents information on four different open-end mutual funds. Use the information in the table to answer the questions that follow. FUND NAV NET CHG YTD 4 RET Mint -0.04 3.1 20.32 10.77 IntRA 6.0 0.06 0,20 MRGG 3.5 33.81 35.21 TOPLA 0.29 9,6 The mutual fund charges a 12b-1 Tea True or False: You can generally expect funds that charge 12b-1 teas to outperform funds that do not charge these teen o True False Suppose TopCA has a front-end load fee of 2%. If you purchase 100 shares of this fund at the NAV, you will pay a commission of in one month you sell the shares, you y pay a redemption fee at that time. . If you are interested only in funds without any fee, you the quotations as listed in the table, it is to use additional online resources to find no-load funds, because using only to determine the amount of any front-end load fe that the fund may charge Step by Step Solution
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