rxs12 p= 5.23 7375-16960 1696 75-37 5, The Equity Fund sells Class A shares with a front-end load of 4% and Class B shares with 12b-1 fees of 0.4% annually as well as back-end load fees that start at 5% and fall by 1% for each full year the investor holds the portfolio (until the fifth year). Assume the rate of return on the fund portfolio net of operating expenses is 10% annually. What will be the value of a $10,000,nvestment in Class A and Class B shares if the shares are sold after years? SHOW YOUR WORK (5 points) 3 Class 3 las (o,oC l.oge 13/6.3 13165. 32165 1303. 6. Suppose your tax bracket is 35%. Would you prefer to earn a 6 2% taxable return or a43%tax-free return? What is the equivalent taxable yield of the 4% tax-free yield? Answer both questions. SHOW YOUR WORK(5 points) Formula: r(1-t)=rm, r=rm/(1-t) 9.3/C1-35)6.62 6.2 *C1-35): [ tax able return