Question: The following table presents information on four different open-end mutual funds. Use the information in the table to answer the questions that follow. FUND NAV
The following table presents information on four different open-end mutual funds. Use the information in the table to answer the questions that follow.
| FUND | NAV | NET CHG | YTD % RET |
|---|---|---|---|
| GlbEx p | 11.32 | -0.02 | 2.5 |
| PwrSL r | 30.77 | 0.08 | 5.4 |
| PFIN | 27.81 | 0.22 | 7.9 |
| MajTrk | 42.21 | 0.31 | 9.0 |
The mutual fund --------- charges a back-end load fee.
True or False: You can generally expect funds that charge back-end load fees to outperform funds that do not charge these fees.
True
False
Suppose MajTrk has a front-end load fee of 9%. If you purchase 100 shares of this fund at the NAV, you will pay a commission of $________
. If, in one month, you sell the shares, you ________ pay a redemption fee at that time.
If you are interested only in funds without any fee, you _______ to use additional online resources to find no-load funds, because using only the quotations as listed in the table, it is _________ to determine the amount of any front-end load fee that the fund may charge.
1) GibEx, PFIN, MajTrk, PwrSL
2) will not, will also
3) will need, do not need
4) very easy, impossible
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