Question
XYZ Canadian growth fund sells three classes of shares. Class A shares charge back end load scheduled as below: If you sell: within one year
XYZ Canadian growth fund sells three classes of shares. Class A shares charge back end load scheduled as below:
If you sell: within one year of buying 6% within two years of buying 5.5% within three years of buying 5.0% within four years of buying 4.5% within five years of buying 3.0% within six years of buying 1.5% after six years 0%
Class B shares charge front end load of 2%. Class F shares do not charge front end load and back end load. The MER for Class A, B, F is 2.48%, 2.28%, and 1.13% respectively. The TER is 0.17% for each of three classes of shares.
You invested $1000 in each of the three classes at the beginning of 2016. Below is the return information from 2016 to 2019 provided by the fund: (returns are after expenses have been deducted)
2016 2017 2018 2019 Class A 13.6% 15.38% -9.24% 27.64% Class B 13.83% 15.64% -9.05% 27.91% Class F 15.15% 16.94% -8.00% 29.37% Please find out how much money you receive for each class if you sell them at the end of 2019 (within 4 years of buying). (6 points)
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