Question: Question 41 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently

Question 41 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is expected to grow at 7% each year. You plan to sell the fund in 5 years. Assume you invested $15,000 in the fund, how much wealth would you have after 1 years? $16,546 $16,050 $15,423 $10,000 None of the answers is correto

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Question 42 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is expected to grow at 7% each year. You plan to sell...

Question 40 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is expected to grow at 7% each year. You plan to sell...

A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is expected to grow at 7% each year. You plan to sell the fund in 5 years....

I need help on the question 2 that is in the excel file. I need to know the formula for finding out how many shares would be purchased by the investment of 1,200. Also how can I tell which one is an...

Part A Required: An open-end fund has a net asset value of $10.70 per share. It is sold with a front-end load of 6%. What is the offering price? (Round your answer to 2 decimal places.) Part B...

Diversification can provide all of the following benefits except for: Question 1 options: Reduced systematic (market) risk Reduced interest rate risk Reduced geographical risk Reduced non-systemic...

Question 17 (1 point) With employer matching contributions you get an automatic what on your money? OA) Loss B) Interest Free Account C) 100% return D) Exposure Rate El ROI Question 18 (1 point)...

1: $112.25 $134.70 $105.75 $ 106.64 2: is a no-load fund charges a 7.85% fee assesses a 3.25% fee 3: $3.25 less $7.85 less $3.25 more $7.85 more 4: 7.85% 112.25% 3.25% 5: 134 107 80 100 Scenario: You...

1/ The financial statements for ABC National Bank are shown below: Balance sheet ABC National Bank Assets Liabilities and Equity Cash and due from depository institutions $800 Interest-bearing...

Based of the information given above : If the board of director decide to invest in all three assets, discuss the effect on the return and level of risk by diversifying the investment. Greenfield...

Education levels, employment levels, and income levels provide information on the status of different groups because: - a. education levels affect whether and where people are employed, their income...

Suppose one of your clients is looking for a $ 7 6 , 1 3 0 fully amortize loan with 9 % APR interest to buy a Mobile home. If she is only committed to paying $ 7 0 9 per month toward paying off the...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

B Do you have a page on Facebook, MySpace, or some other social networking site? Think objectively about the impression of you that the page conveys. Would you hire you?

4 How can you create a better online image for yourself?

Tell me about yourself. What led you to choose your particular field (or your academic major)? Describe your level of satisfaction with your choice.