Suppose you are considering investing in a mutual fund that has an expense ratio of 1.5% and
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Question:
Suppose you are considering investing in a mutual fund that has an expense ratio of 1.5% and has returned 10% annually over the past 5 years.
If you plan to invest $10,000 in the fund for the next 10 years, what will be your expected return after adjusting for the expense ratio?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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