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23. A mutual fund has the following fees and expenses. Front load of 6%, back...

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Finance

23. A mutual fund has the following fees and expenses. Front load of 6%, back load of 1%, 12b-1 of 0.25% and annual expenses of 1.5%. The return on the portfolio assets is 12%. Another mutual fund has the following fees and expenses. Front load of 0%, back load of 0%, 12b-1 of 2% and annual expenses of 1.5%. The return on the portfolio assets is 12%. a)If you invest $10,000 today in both funds, how much will you have at the end of 10 years in each fund? b) At what point do the two funds give the same return

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