Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 2. 1000 points fund fees and holding period return

2. 1000 points Fund fees and holding period return 3 You are considering investing in...

90.2K

Verified Solution

Question

Finance

image

2. 1000 points Fund fees and holding period return 3 You are considering investing in a no-load mutual fund with an annual expense ratio of .9% and an annual 12b-1 fee of 1.05%. You could also invest in a bank CD paying 5.0% per year. what minimum annual rate of return must the fund earn to make you better off in the fund than in the CD? o 910% 0 6.95% 0 6,05% 0 5.90%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Elliot is enjoying watching his son grow up. He realizes that his son currently has no...

Physics
1.2K views

Remarks It's interesting that the final result depends only on the coefficient of static friction. Notice...

Mechanical Engineering
1.2K views

Nitrogen (N2), at 300 K, 1 bar with a mass flow rate of 1 kg/s enters...

Advance Math
1.2K views

A population subject to the Allee effect will decrease when population numbers are either very low...

Biology
1.2K views

Look at the photo Based on your own knowledge this photo of Churchill Truman and...

Physics
1.2K views

A quantity of 56g of nitrogen gas is enclosed in a rigid vessel at a...

Basic Math
1.2K views

Susan s mother set up an annuity for her She will be paid 420 at...

Calculus
1.2K views

rx f x dx lie Enter your answers from smallest to lar Suppose f has...

Algebra
1.2K views

se the negative exponent rules to simplify Write the answer with only positive exponents 4a...

Accounting
1.2K views

urgent During Heaton Company's first two years of operations, it...

Accounting
1.2K views

Which of the following is TRUE when making decisions between two alternatives? Check all that...

Accounting
1.2K views

Net sales revenue, net income, and common stockholders' equily for Eyesight Mission Corporation, a manufacturer...