You Consider Investing $10,000 in a Stock Mutual Fund and You

You consider investing $10,000 in a stock mutual fund and you are choosing between Fund A, which has a front-end load of 3%, and Fund B, which has a back-end load of 3%. Expected returns and fees of the two funds are identical. Which fund would you choose?

A) Fund A
B) Fund B
C) You are indifferent (total expected returns are the same after accounting for the loads)
D) More information is needed to make the choice.