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#Question: You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5% per year. How much will you pay in[fees on a $11,700 investment that does not grow if you cash out after 3 years of no gain? $291 $351 $855 $1,072

#Question: You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5% per year. How much will you pay in[fees on a $11,700 investment that does not grow if you cash out after 3 years of no gain? $291 $351 $855 $1,072

Essentials Of Investments
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
Section: Chapter Questions
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DI <l © © © =✓ DE <=•=•=• · 3.².².².³. 4. 5. 6. 7.,8..?. 910 12 13 14 15 #Question: You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5% per year. How much will you pay in[fees on a $11,700 investment that does not grow if you cash out after 3 years of no gain? $291 $351 $855 $1,072 17 1
Transcribed Image Text:DI <l © © © =✓ DE <=•=•=• · 3.².².².³. 4. 5. 6. 7.,8..?. 910 12 13 14 15 #Question: You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5% per year. How much will you pay in[fees on a $11,700 investment that does not grow if you cash out after 3 years of no gain? $291 $351 $855 $1,072 17 1
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