Piper wants to buy shares in a mutual fund and has narrowed her selection to the following four funds. Answer the questions below to help assess each fund in terms of the fees each charges. NAV Net Chg. YTD % Ret. Fund GibExp $11.32 -0.06 3.4 Pwrser $18.77 0.04 6.3 GMAR 0.18 8.8 $30.81 $42.21 TOPLAN 0.27 9.9 Suppose Toplan charges a commission of 2%. This an example of a relatively low-load fund. If Piper purchases $2,000 worth of Toplan shares, only $ will actually be invested. This means that the commission-as a percentage of the amount invested-Is equal to The mutual fund GlbEx p is a no-load fund that imposes a on reinvested dividends as well as on the initial Investment. Funds that charge this type of fee generally be expected to outperform funds that do not charge these fees. Suppose TopLAN charges a commission of 2%. This an example of a relatively low-load fund. If Piper purchases $2,000 worth of TopLAN shares, only $ will actually be invested. This means that the commission as a percentage of the amount invested-Is equal to The mutual fund Gibex p Is a no-load fund that imposes a on reinvested dividends as well as on the initial investment. Funds that charge this type of fee generally be expected to outperform funds that do not charge these fees. Piper is planning on holding her shares for at least a year and wants a fund that will cost her as little in fees as possible. If PwrStr charges a deferred sales charge and GMAR r charges a redemption fee, then she is best off investing in which of the following funds? r GibExp Pwrser GMAR TopLAN