In: Finance
a no-load fund charges a 112b-1 fee of 1% and maintains an expense ratio of 0.75%. Assumes the securities in which the fund invests an increase in value by 6% per year. How much will an investment of $1000 grow to after 5 years? a. $1,231.35 b. $1,263.72 c. $1,195.33 d.$1,300.53