You invested $1,000 in a mutual fund with a 3% front-end load and an expense ratio of
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Question:
You invested $1,000 in a mutual fund with a 3% front-end load and an expense ratio of 1%. Expenses are paid at the end of each year. You held the fund for 8 years, during which it produced an annual return of 4% before fees.
What was your annual rate of return after fees?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: