Calculate the Annual Rate of Return for a Mutual Fund

question 32

Multiple Choice

Calculate the annual rate of return for a mutual fund with the following fees and expected returns. $\begin{array}{lcccc}\text { Investment } & \text { E(Return) } & \text { Load } & \text { fee } & \text { Years Held } \\\hline \text { Mutual Fund } & 7 \% & 4 \% & 0.50 \% & 7 \text { years }\end{array}$

• A) 4.95%
• B) 5.0%
• C) 5.85%
• D) 2.5%
• E) 6.55%

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An auto insurance system where policyholders are compensated for minor injuries regardless of the fault in the accident, limiting the right to sue.

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