5. You invest in a mutual fund that charges a 6 % front-end load and 2% total annual fees. How much will you pay in loads and fees on a $10,300 investment that does not grow, if you cash out after three years of no gain? A. $208 B. $618 C. $1,003 D. $1,187

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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5. You invest in a mutual fund that charges a 6% front-end load and 2% total annual fees. How much will
you pay in loads and fees on a $10,300 investment that does not grow, if you cash out after three years
of no gain?
A. $208
B. $618
C. $1,003
D. $1,187
Transcribed Image Text:5. You invest in a mutual fund that charges a 6% front-end load and 2% total annual fees. How much will you pay in loads and fees on a $10,300 investment that does not grow, if you cash out after three years of no gain? A. $208 B. $618 C. $1,003 D. $1,187
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