Joyce Bromfield has $30,000 to invest for 5 years. She will
allocate her money to government Treasury Bills (T-Bills), mutual
fund A, and mutual fund B as follows: $4,500 in T-bills; $13,500 in
A and $12,000 in B. Fund A has a front-end fee of 5%, MER of 2% and
no rear-end fee. Fund B has no front-end fee, MER of 2.5%, and
rear-end fee of 5%. Assume that the appropriate discount rate to
compare fund fees is 5%.
The...