You must choose between a no-load, open-end mutual fund with an annual expense ratio of 0.85 percent
Question:
a. Calculate which is the lower cost alternative to purchase.
b. Calculate which is the lower cost to own over 6 months, if you sell after 7 percent gain.
c. Calculate which is the lower cost to own over 2 years, if you achieve a 10 percent per year gain.
d. Calculate which is the lower cost to own over 2 years, if you experience a 10 percent per year loss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
Question Posted: