Question
Mutual Fund Loads/Fees You invest $10,000 into a mutual fund with a front-end load of 5% and an MER of 3%. How much will your
Mutual Fund
Loads/Fees You invest $10,000 into a mutual fund with a front-end load of 5% and an MER of 3%. How much will your up-front cost be? How much is your net investment? How much will your annual fee be? How much will your selling cost be?
Assume, instead, the fund has a back-end load (and no front-end load) of 4%. What is your up-front cost? If, after two years the fund has risen to $15,000, how much will your annual and selling expenses be?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
