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X Question 4 An investor plans to make an investment of $10,000 into one of two funds: Fund A, Fund B, Fund C. The gross return before expenses on each fund is R=6%. The fee structure for each fund is shown in the Fund Fee Schedule table below. What is the net dollar return for Fund B if you close your investment (e.g., sell your shares) after 10 years? Enter your answer with at least two decimal places. Fee Schedule Fees Front-Load Back-Load 12b-1 Fund A 1.00% 0.00% Fund B 0.00% 2.50% 0.05% 0.10% Operating Fees 0.30% 0.05% Your Answer: 3796.81

X Question 4 An investor plans to make an investment of $10,000 into one of two funds: Fund A, Fund B, Fund C. The gross return before expenses on each fund is R=6%. The fee structure for each fund is shown in the Fund Fee Schedule table below. What is the net dollar return for Fund B if you close your investment (e.g., sell your shares) after 10 years? Enter your answer with at least two decimal places. Fee Schedule Fees Front-Load Back-Load 12b-1 Fund A 1.00% 0.00% Fund B 0.00% 2.50% 0.05% 0.10% Operating Fees 0.30% 0.05% Your Answer: 3796.81

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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X Question 4 An investor plans to make an investment of $10,000 into one of two funds: Fund A, Fund B, Fund C. The gross return before expenses on each fund is R=6%. The fee structure for each fund is shown in the Fund Fee Schedule table below. What is the net dollar return for Fund B if you close your investment (e.g., sell your shares) after 10 years? Enter your answer with at least two decimal places. Fee Schedule Fees Front-Load Back-Load 12b-1 Fund A 1.00% 0.00% Fund B 0.00% 2.50% 0.05% 0.10% Operating Fees 0.30% 0.05% Your Answer: 3796.81
Transcribed Image Text:X Question 4 An investor plans to make an investment of $10,000 into one of two funds: Fund A, Fund B, Fund C. The gross return before expenses on each fund is R=6%. The fee structure for each fund is shown in the Fund Fee Schedule table below. What is the net dollar return for Fund B if you close your investment (e.g., sell your shares) after 10 years? Enter your answer with at least two decimal places. Fee Schedule Fees Front-Load Back-Load 12b-1 Fund A 1.00% 0.00% Fund B 0.00% 2.50% 0.05% 0.10% Operating Fees 0.30% 0.05% Your Answer: 3796.81
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