7. Suppose you would like to invest $5000 into a mutual fund for three years. The following 3 mutual fund all have an expected annual return of 12% but with different fee structures. Which mutual fund would you like to purchase? Hint: make sure that you understand clearly the fee structures of mutual funds.

	FUND A	FUND B	FUND C
FRONT END LOAD	2%	3%	0
BACK END LOAD	2% if redeem within 1 year; 0% otherwise	0	3%
OPERATING EXPENSE RATIO	1.25%	1.75%	1.5%
12B-1	.75%	.5%	.5%