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You invest $1,000,000 in Fidelity China Fund. The Fund charges a front-end load of 5.75% and...

You invest $1,000,000 in Fidelity China Fund. The Fund charges a front-end load of 5.75% and an annual expense fee of 1.25% of the average asset value over the year. You believe the fund’s gross rate of return will be 11% per year. In one year, what will your investment portfolio be worth in dollar terms?   

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Answer #1

Dollar Return in one year = $33,745.78

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