You invest in a mutual fund that charges a 3% front end load,1% total annual fees,and a 0% back end load on Class A shares.The same fund charges 0% front end load,1% total annual fees,and a 2% back end load on Class B shares.What are the total fees in year one on a Class B investment of $20,000 if you redeem shares with no growth in value?
A) 596
B) 794
C) 885
D) 902
Correct Answer:
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