You are considering investing in a no-load mutual fund with an annual expense ratio of...
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You are considering investing in a no-load mutual fund with an annual expense ratio of 0.9% 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 6.05% O 5.90% 0 6.95% 09.10%
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