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Question
An investor purchases fund shares with a 3 percent front-end load and expects to hold the shares for 10 years. The fund has a total fund expense ratio (including 12b-1 fees) of 1 percent per year. The annual total shareholder cost for this fund is _______ per year.
A. 3 percent
B. 30 percent
C. 0.3 percent
D. 1.3 percent
E. 1 percent
Answer
This answer is hidden. It contains 1 characters.
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