Suppose You Consider Investing $1,000 in a Load Fund That

Suppose you consider investing $1,000 in a load fund that charges a fee of 2 percent, and you expect the fund to earn 11 percent over the next year. Alternatively, you could invest in a no-load fund with similar risk that is expected to earn 7 percent 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