Suppose you consider investing $1,000 in a load fund which charges a fee of 2%,and you expect the fund to earn 11% over the next year.Alternatively,you could invest in a no-load fund with similar risk that is expected to earn 7% and charges a 1/2 percent redemption fee.Which is better and by how much?
A) Funds are equal
B) No-load fund by $36.98
C) Load fund by $45.25
D) Load fund by $23.15
E) No-load fund by $15.52
Correct Answer:
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