You have $15,000 to invest in a mutual fund. You choose a fund with a 3.5 percent front load,a 1.75 percent management fee,and a 0.5 percent 12b-1 fee. Assume,for simplicity,that the management and 12b-1 fees are charged on year-end assets. The gross annual return on the fund's shares was 12.50 percent. What was your net annual rate of return to the nearest basis point?

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The Answer of You have $15,000 to invest in a mutual fund. You choose a fund with a 3.5 percent front load,a 1.75 percent management fee,and a 0.5 percent 12b-1 fee. Assume,for simplicity,that the management and 12b-1 fees are charged on year-end assets. The gross annual return on the fund's shares was 12.50 percent. What was your net annual rate of return to the nearest basis point?

You Have $15,000 to Invest in a Mutual Fund