Question 20 (2.5 points) Measuring open-end Mutual Fund expenses is far more complicated than it should be. All of the following are reasons why Mutual Fund expenses are hard to measure except... Many funds have multiple "classes" of stock with different fee structures. Open-end funds can trade at a discount or a premium to NAV Investors are not expressly charged" for operating expenses or 12b-1 fees, but they suffer the negative impact of them in NAV of the fund. O "Soft Dollar" arrangements make it difficult to measure total expenses of a fund