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You invest $ 1 0 , 0 0 0 in an actively managed mutual fund today. Suppose that the the annual gross return is 1

You invest $10,000 in an actively managed mutual fund today. Suppose that the the annual gross return is 10.0% and the expense ratio is 1.4%. Your investment horizon is 10 years. In that case, how much wealth do you have when you sell your shares at the end of the 10th year?

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