Question: Consider a fund that holds $ 4 2 0 m in financial assets and has 4 0 m shares outstanding. The fund charges 5 %
Consider a fund that holds $m in financial assets and has m shares outstanding. The fund charges frontend load. Each year, the funds assets value increases by The fund charges management fees of and b fees of at the end of the year. What is the average realized annual return to an investor investing in the fund for years? Provide your answer in percent rounded to two decimals, omitting the sign
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