Question: 1. A mutual fund may contain ___. (This is a multiple answer format question which means you should check all that apply...there may be more
1. A mutual fund may contain ___. (This is a multiple answer format question which means you should check all that apply...there may be more than one correct response).
A. Common stocks from a variety of industries
B. Treasury bonds
C. International stocks
2. If you are not vested, none of your contributions, the company's matching contributions, or the returns from those contributions belong to you when you leave the company.
A. True
B. False
3. (3 pts) You are dealing with a mutual fund that has a 2% sales load and a 1% expense ratio. You plan to invest $1,000 today and $250 per month for 35 years. Assume the fund earns 8% before any fees. How much will you have in 35 years after paying all fees? SHOW YOUR WORK.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
