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18 February, 15:54

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?

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  1. 18 February, 15:58
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    what is your investment worth at the end of 4 years?

    $22,889

    Explanation:

    $22,889

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