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You are considering investing $50,000 in two mutual funds. The first fund is a load fund with a fee of 6 percent, and you expect
You are considering investing $50,000 in two mutual funds. The first fund is a load fund with a fee of 6 percent, and you expect the fund to earn 11 percent over the next year. Alternatively, you could invest in a no-load fund that is expected to earn 8 percent and has a 0.5 percent redemption fee. What fund has a higher return and how much more value will it have after the first year? a. load fund by $1,360 b. no load fund by $1,820 c. load fund by $580 d. no load fund by $580 e. no load fund by $1,560
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