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The equity fund sells shares with a front-end load of 4%. Assume the rate of return on the fund portfolio net of operating expenses is
The equity fund sells shares with a front-end load of 4%. Assume the rate of return on the fund portfolio net of operating expenses is 10% annually. What will be the value of $10,000 investment in shares of this fund if the shares are sold after: a) 1 year b) 4 years c) 10 years
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