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a) Which fund does not charge a front-end load? b) Which fund can best be described as a low-load fund? c) What can you say
a) Which fund does not charge a front-end load?
b) Which fund can best be described as a low-load fund?
c) What can you say about fund B with respect to the type of investments it most likely holds?
d) If you want to buy a fund and hold it for five years, which one of these funds should you purchase based on fund costs? Assume the funds earn a positive rate of return each year.
NAV 10.28 11.88 10.22 16.04 Fund Name Inv. Obj. Fund A Growth Fund B Fund C Income Fund D Income Aggr. Gro. Max Init. Chrg Exp. Ratio 4.75 0.95 0.00 1.50 6.50 0.86 1.00 1.00Step by Step Solution
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