Business, 30.10.2020 17:40, Brendah7145

An investor is considering a no-load mutual fund with an annual expense ratio of 0.4% and an annual 12b-1 fee of 0.55%. Another option is to invest a bank CD paying 5.5% per year. What minimum annual rate of return must the fund earn to make the investor better off in the fund than in the CD?

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An investor is considering a no-load mutual fund with an annual expense ratio of 0.4% and an annual...