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Problem 3: Suppose you consider investing $1,000 in a load fund which charges a fee of 2%, and you expect the fund to earn 14%
Problem 3: Suppose you consider investing $1,000 in a load fund which charges a fee of 2%, and you expect the fund to earn 14% over the next year. Alternatively, you could invest in a no-load fund with similar risk that is expected to earn 9% and charges a 1/2 percent redemption fee, which is better and by how much
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