A mutual fund charges a 6% front-end load and reports an expense ratio of 1.75%. If an

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A mutual fund charges a 6% front-end load and reports an expense ratio of 1.75%. If an investor plans on holding a fund for 35 years, what is the average annual fee, as a percent, paid by the investor?

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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Question Posted: Oct 17, 2023 07:36 AM

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A mutual fund charges a 6% front-end load and reports an expense ratio of 1.75%. If an

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To calculate the average annual fee paid by the investor over 35 years we need to consider both the ...View the full answer

Financial Markets And Institutions

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