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You are considering investing in a no-load mutual fund with an annual expense ratio of 0.5% and an annual 12b-1 fee of 0.65%. You could

You are considering investing in a no-load mutual fund with an annual expense ratio of 0.5% and an annual 12b-1 fee of 0.65%. You could also invest in a bank CD paying 8.5% per year. What minimum annual rate of return must the fund earn to make you better off in the fund than in the CD?

Multiple Choice 9.00% 9.15% 6.00% 9.65%

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