Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The uShares Large-cap Equity Fund sells Class B shares with a froat-end load of 3%, annual operating expense of 1.5% and 12b1 fees of 0.5%

image text in transcribed
The uShares Large-cap Equity Fund sells Class B shares with a froat-end load of 3%, annual operating expense of 1.5% and 12b1 fees of 0.5% with no back-end load fees. If the gross rate of return on the fund portfolio before expenses is 10% annually, what will be the value of a $100.000 investment in Class B shares if the shares are sold after 1 year?? $97.000$105.068$105,760$104,760

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Commercial Real Estate Finance

Authors: Gail Ramshaw, Mortgage Bank

1st Edition

0793157099, 9780793157099

More Books

Students also viewed these Finance questions

Question

=+6 Why is there no term for Q4?

Answered: 1 week ago

Question

Compare and contrast long-term and short-term orientation cultures

Answered: 1 week ago

Question

Discuss the research behind the notion of a pancultural self

Answered: 1 week ago