Question
82. Calculate the annual rate of return for a mutual fund with the following fees and expected returns. Investment E(Return) Load 12b-1 fee Years Held
82. Calculate the annual rate of return for a mutual fund with the following fees and expected returns.
Investment | E(Return) | Load | 12b-1 fee | Years Held |
Mutual Fund | 7% | 4% | 0.50% | 7 years |
| a. | 4.95% |
| b. | 5.0% |
| c. | 5.85% |
| d. | 2.5% |
| e. | 6.55% |
ANSWER: |
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Sarbanes Oxley And The New Internal Auditing Rules
Authors: Robert R. Moeller
1st Edition
0471483060, 978-0471483069
