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You are considering investing in a no-load mutual fund with an annual expense ratio of 0.9% and an annual 12b-1 fee of 1.05%. You could
You are considering investing in a no-load mutual fund with an annual expense ratio of 0.9% and an annual 12b-1 fee of 1.05%. You could also invest in a bank CD paying 8.0% per year. What minimum annual rate of return must the fund earn to make you better off in the fund than in the CD?
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
