Question

The wShares Large-cap Equity Fund sells Class B shares with a front-end load of 2%, annual...

The wShares Large-cap Equity Fund sells Class B shares with a front-end load of 2%, annual operating expense of 1.2% and 12b-1 fees of 1% with no back-end load fees. If the gross rate of return on the fund portfolio before expenses is 11% annually, what will be the value of a $80,000 investment in Class B shares if the shares are sold after 1 year?

85440

90580

85110

85300

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Answer #1

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