Using my answer 1 to answer question 3:

3. Assume David owns the four mutual inds listed below. David has a balance of $ 100,000 in each fund at time zero, each fund earns a 0 percent return over the next year, and David did not sell any shares during the year. Assume David contributed $85,000 two years ago and his account has grown to $100,000 at time zero i.e., there were no contributions to the fund during the current year (years 0 to 1). The tirneline below illustrates this word problem. USING YOUR ANSWER TO QUESTION 1, calculate and report the fees & expenses David would have paid for each md over the one-year period (year 0 to 1). Assume the annual operating expenses are paid on the last day of the year. -2 -l 0 r = 0% l I -------------------- I ------------------- I -------------------- I Contributions $85,000 $0 $0 $0 Value of account $85,000 $94,000 $100,000 X