ASAP 65.You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees and a 2% back-end load, which decreases .5% per year. How much will you pay in fees on a $10,000 investment that does not grow if you cash out after 3 years of no gain? $635 $219 $553 $103 66.The five-star Morningstar rating implies superior returns compared to risk. lowest turnover compared to peers. superior risk compared to return. lowest fees compared to peers.
ASAP 65.You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees and a 2% back-end load, which decreases .5% per year. How much will you pay in fees on a $10,000 investment that does not grow if you cash out after 3 years of no gain? $635 $219 $553 $103 66.The five-star Morningstar rating implies superior returns compared to risk. lowest turnover compared to peers. superior risk compared to return. lowest fees compared to peers.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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ASAP
65.You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees and a 2% back-end load, which decreases .5% per year. How much will you pay in fees on a $10,000 investment that does not grow if you cash out after 3 years of no gain?
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$635
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$219
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$553
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$103
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66.The five-star Morningstar rating implies
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superior returns compared to risk.
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lowest turnover compared to peers.
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superior risk compared to return.
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lowest fees compared to peers.
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