Question
You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 2% back-end load, which decreases .5% per
You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 2% back-end load, which decreases .5% per year. How much will you pay in fees on a $10,000 investment that does not grow if you cash out after 3 years of no gain?
Step by Step Solution
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Step: 1
Frontend Load This is charged when you initially invest In your ...
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
