You can buy Vanguard ’ s S&P 500 fund with an annual operating expense of 0.18 percent, oryou can buy Morgan Stanley ’ s S&P 500 fund with an annual operating expense of 1.40percent. Given S&P 500 total returns for 2007  2011 of 5.49, 36.6, 26.46, 15.06, and 2.1respectively, determine how much $10,000 invested in each fund on January 1, 2007, wouldbe worth on December 31, 2011.

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Required solution Vanguards SP 500 Year 2007 2008 2009 2010 2... View the full answer