Question
You invest in a mutual fund that charges a 6% front-end load, 2% total annual fees, and a 3% back-end load, which decreases 0.5% per
You invest in a mutual fund that charges a 6% front-end load, 2% total annual fees, and a 3% back-end load, which decreases 0.5% per year. How much will you pay in fees on a $10,900 investment that does not grow if you cash out after 3 years of no gain?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
