A mutual fund offers A shares which have a 6% frontend load and an expense ratio of
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A mutual fund offers "A" shares which have a 6% frontend load and an expense ratio of 0.86%. The fund also offers "B" shares, which have a 4% back-end load and an expense ratio of 0.97%. Which shares make more sense for an investor looking over a 20-year horizon?
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To determine which type of shares makes more sense for an investor looking over a 20year horizon we need to consider the impact of the frontend load t...View the full answer
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Muhammad Umair
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Related Book For 
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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