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Question 41 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently

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Question 41 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is expected to grow at 7% each year. You plan to sell the fund in 5 years. Assume you invested $15,000 in the fund, how much wealth would you have after 1 years? $16,546 $16,050 $15,423 $10,000 None of the answers is correto

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