Question
A) You invested $10,000 10 years ago into Fly-By-Night Fund which has reported performance (average annual total return) of 11% over this 10-year period. The
A) You invested $10,000 10 years ago into Fly-By-Night Fund which has reported performance (average annual total return) of 11% over this 10-year period. The front end load of 3%, an expense ratio of 2% were charged. What would your ending wealth position be?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrod Harford, David Stangeland, Andras Marosi
3rd Canadian Edition
0135418178, 978-0135418178
