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. Impacts of Costs on Returns. A mutual fund has a 1.6% expense ratio and begins with a $124.655NAV. It experiences the annual returns shown
. Impacts of Costs on Returns. A mutual fund has a 1.6% expense ratio and begins with a $124.655NAV. It experiences the annual returns shown below. What are the end-of-year NAVs after fees for each year? What are the after-fee returns each year? (LO 4-4)
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