D. $635
Total fees = $10,000 - ($10,000 × .97) × (.99) × (.99) × (.99) × (.995) = $635
100 points front end load,'% total enrun lond, which decreases5%per year-o" men you pay i en...
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 0.5% per year. How much will you pay in fees on a $10,600 investment that does not grow if you cash out after 3 years of no gain?
You purchased 2,800 shares in the New Pacific Growth Fund on January 2, 2019, at an offering price of $55.70 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2019, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...