Question

You pay $21,600 to the Laramie Fund which has a NAV of $18.00 per share at the beginning of the year. The fund then deducted a front-end load of 4%. Over the next 4 years the fund return before expenses will be 4%/year. If the annual operating expenses will be 1% and the 12b-1 fees will be 0.5%, what is your investment worth at the end of 4 years?

Answer 1

what is your investment worth at the end of 4 years?

$22,889

Step-by-step explanation:

$22,889

[((21600)(0.96)(1.10)91-.013))/21600]-1=4.23%