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.

1.3 %

Explanation:

Based on the information provided within the question we can say that the annual total shareholder cost for this fund is that of 1.3 % per year. This total can be calculated by dividing the front-end load by the expected number of years that the shares will be held.

3 ÷ 10 = 0.3

Now we add the total fund expense ratio of 1

0.3 + 1 = 1.3

And we get the final annual total shareholder cost for this fund which totals out to be 1.3 %

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