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Investment horizon and fee structure A fund sells Class A shares with a front - end load of 5 % and Class B shares with

Investment horizon and fee structure
A fund sells Class A shares with a front-end load of 5% and Class B shares with 12b-1 fees of
0.5% as well as back-end load fees that start at 6% and fall by 1% for each holding year. Assume
that the fund return net of operating costs is 8% annually. What will be the value of a $10,000
investment in Class A and B if the shares are sold after (a)1 year or (b)10 years? (15 points)
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