Question
Your mutual fund's annual return is 8%; it has a Management Expense Ratio (MER) of 2.5% with a front-end load of 2%. Which statement is
Your mutual fund's annual return is 8%; it has a Management Expense Ratio (MER) of 2.5% with a front-end load of 2%. Which statement is correct?
The 8% annual return is reported after deducting the 2% front-end load.
The 8% annual return is reported after deducting the 2.5% MER.
The 8% annual return is reported before deducting the 2% front-end load.
The 8% annual return is reported before deducting the 2.5% MER.
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
