What minimum annual rate of return must the fund earn to


You are considering investing in a no-load mutual fund with an annual expense ratio of .6% and an annual 12b-1 fee of .75%. You could also invest in a bank CD paying 6.5% per year. What minimum annual rate of return must the fund earn to make you better off in the fund than in the CD?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What minimum annual rate of return must the fund earn to
Reference No:- TGS02246426

Expected delivery within 24 Hours