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On January 1, you invest $10,000 in Fund QuiteSmall at the start of the year. The fund has a front-end load of 2.50% and an
On January 1, you invest $10,000 in Fund QuiteSmall at the start of the year. The fund has a front-end load of 2.50% and an annual expense fee of 2.00% of the ending asset value at year end. You expect the fund to have a gross rate of return of 5% this year. With your investment, what is your expected value in one year? O Over $10,500 O Between $9,750 and $10,000 O Between $10,000 and $10,250 O Under $9,750 O Between $10,250 and $10,500 Verysmall Mutual Fund has sold a total of 13,000 of its own shares to customers. What is Verysmall Mutual Fund's net asset value (NAV) if its investment portfolio is comprised of the following three investments: 1,000 shares of General Mills (GIS, current price is $60 per share) 3,000 shares of Bank of America Corp (BAC, current price is $37 per share) 2,500 shares of United Airlines Holdings (UAL), current price is $44 per share) O Over $40 O Less than $20 O Between $30 and $40 Between $20 and $25 Between $25 and $30 In addition to expense fees, hedge funds charge performance fees, fees that have averaged about in recent years. more than 8% up to 16% O 4% or less O more than 16% up to 24% O more than 24% more than 4% up to 8%
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