Charlie has invested $20 000 in an open-end mutual fund. The fund has a front-end load of

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Charlie has invested $20 000 in an open-end mutual fund. The fund has a front-end load of 2%, and an expense ratio of 1%. If the fund earns a raw return of 14% over the year, how much can the investor redeem at the end of the year?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 06, 2024 08:01 AM

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Charlie has invested $20 000 in an open-end mutual fund. The fund has a front-end load of

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Income Tax Fundamentals 2013

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