You pay $10,000 to the Laramie Fund which has a NAV of $10.00 per share at the beginning of the year. The fund then deducted a front-end load of 1%. Over the next 5 years the fund portfolio return before operating expenses will be 4%/ year. If the annual operating expenses will be 1.5%, what is your investment worth at the end of 5 years? $9,981 $10,978 $11,201 $11,921 Which one of the following invests in a portfolio that is fixed for the life of the fund? Mutual fund Money market fund Managed investment company Unit investment trust