Question
The Bruin Stock Fund sells Class A shares that have a front-end load of 7.5 percent, a 12b-1 fee of 0.27 percent, and other fees
The Bruin Stock Fund sells Class A shares that have a front-end load of 7.5 percent, a 12b-1 fee of 0.27 percent, and other fees of 0.71 percent. There are also Class B shares with a 5 percent CDSC that declines 1 percent per year, a 12b-1 fee of 1.19 percent, and other fees of 0.78 percent. Assume the portfolio return is 11 percent per year. What is the difference in values of $1 invested in each share class if your investment horizon is 23 years? ( = Value of Class A - Value of Class B) (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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