The Bruin Stock Fund sells Class A shares that have a front-end load of 4.9 percent, a 12b-1 fee of 0.40 percent, and other fees of 1.24 percent. There are also Class B shares with a 5 percent CDSC that declines 1 percent per year, a 12b-1 fee of 1.85 percent, and other fees of 1.24 percent. Assume the portfolio return is 9 percent per year.

a. What is the value of $1 invested in each share class if your investment horizon is 3 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Investment Value

Class A $1.21

Class B $1.06

Both of these answers are wrong

b. What if your investment horizon is 20 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Investment Value

Class A $4.74

Class B $2.73

Both of these answers are wrong as well. Please help.