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This year an investor placed $250,000 in a mutual fund with a 5% load (one-time fee) and estimated annual expenses of 1.20%. Fees are charged
This year an investor placed $250,000 in a mutual fund with a 5% load (one-time fee) and estimated annual expenses of 1.20%. Fees are charged against average assets for the year. The fund's gross return is 18%. What is the investor's first year return net of loads and expenses?
10.05% | |
10.20% | |
10.44% | |
10.86% |
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