1. A mutual fund charges a 4.2% front-end load. Determine the maximum annual expense ratio you will be willing to pay if you do not want to pay more than 1.7% in fees per year (assume you will hold the fund for 30 years). 2. A mutual fund reported year-end total assets of $2,347,000,000. Determine the expense ratio if total fees amounted to $18,580,000. 3. A mutual fund offers A shares, which have a 5% frontend load and an expense ratio of 0.76%. The fund also offers B shares, which have a 3% back-end load and an expense ratio of 0.87%. Which shares make more sense for an investor looking over an 18-year horizon