Charlie has invested $20 000 in an open-end mutual fund. The fund has a front-end load of
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Charlie has invested $20 000 in an open-end mutual fund. The fund has a front-end load of 2%, and an expense ratio of 1%. If the fund earns a raw return of 14% over the year, how much can the investor redeem at the end of the year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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