Question
In: Finance
You are considering an investment in a mutual fund eith a 3% load amd an expense...
You
are considering an investment in a mutual fund eith a 3% load amd
an expense ratio of 1.2%. You can invest instead in a nank CD
paying 5% interest.
A) If you plan to onvest for two years what annual rate of
return must the fund portfolioearn for you to be better off in the
fund than in the CD? Assume annual compounding of returns.
B) if you plan to invest for 6 years, what annual rate of
return must the fund portfolio earn fir you to be better off in the
fund than in the CD? Assume annual compounding of returns.
Solutions
Expert Solution
SEE THE IMAGE. ANY DOUBTS,
FEEL FREE TO ASK. THUMBS UP PLEASE
jeff jeffy answered 1 year agoRelated Solutions
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