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You are considering an investment in a mutual fund with a 3% load and expense ratio of 0.5%. You can invest instead in a bank

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You are considering an investment in a mutual fund with a 3% load and expense ratio of 0.5%. You can invest instead in a bank CD paying 25 interest s. you plan to invest for years, what annual tale of return must the fund portfolio sam for you to be beter off in the und an in the CD? Assume annual compounding or returns. Do not round intermediate calculations. Round your answer to 2 decimal places) Annual rate ofret b. What annual rate of retum must the fund portfolio earn if you plan to invest for 10 years to be better off in the fund than in the CD? (Do not round intermediate calculations. Round your answer to 7 decimal places.) Annual rain of retum c. Now suppose that instead of a frontend load the fund assesses a 10.110 of 79% per year. What amount rate of return must the tuns portfolio con for you to be better on the fund ran in w.co/Do not round Intermediate calculations. Round your answer to 2 decimal places.) Annual of

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