Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the bruin stock fund sells class a shares that hav

The Bruin Stock Fund sells Class A shares that have a front-end load of 4.95...

60.1K

Verified Solution

Question

Finance

The Bruin Stock Fund sells Class A shares that have a front-end load of 4.95 percent, a 12b-1 fee of 0.39 percent, and other fees of 1.21 percent. There are also Class B shares with a 5 percent CDSC that declines 1 percent per year, a 12b-1 fee of 1.8 percent, and other fees of 1.21 percent. Assume the portfolio return is 8 percent per year. a. What is the value of $1 invested in each share class if your investment horizon is 3 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. What if your investment horizon is 20 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The Sun delivers roughly 1 kW m−2 of power to the Earth's surface. A parabolic mirror...

Chemistry
Q

Comment on the recent annoucement by the US government to recognize Jerusalem as the capital of...

Economics
Q

Symmetry For each figure determine how many lines of reflection and how many angles of...

Geometry
Q

15 pnts Let F x y z ye e i e j xe k be...

Calculus
Q

Perform the addition or subtraction and simplify u 9 U u 9

Algebra
Q

A company produces three different products from a joint process. The joint costs to produce...

Accounting
Q

discuss the principle and assumption of tge accounting theory

Accounting
Q

Sandhill Corporation shipped $18,900 of merchandise on consignment to Blossom Company. Sandhill paid freight costs...

Accounting
Q

! Required information [The following information applies to the questions displayed below.] On January 1,...

Accounting
Q

Waters Hardware reported cost of the goods sold as follows. \table[[,2020,2021],[Beginning inventory,$30,000,$40,000

Accounting
Q

(1 point) A company is considering two insurance plans with the following types of coverage...

Accounting
Q

Question 3 (1 point) Given the following information, find AEW of (jo, Np), (j, Nc.)..?...

Finance