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You invest 510,000 in an actively managed mutual fund today. Suppose that the the annual gross retum is 6.4% and the expense rabo is 1.3%.

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You invest 510,000 in an actively managed mutual fund today. Suppose that the the annual gross retum is 6.4% and the expense rabo is 1.3%. 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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