You Are Considering Investing $1,000 in a Load Fund That

You are considering investing $1,000 in a load fund that charges a fee of 2.5 percent, with an expected return of 12 percent over the next year. Alternatively, you could invest in a no-load fund with similar risk that is expected to earn 8 percent and charges a 1/2 percent redemption fee. Which is better and by how much?

A) load fund by $12.00
B) load fund by $15.32
C) load fund by $17.40
D) no-load fund by $6.55
E) no-load fund by $1.30