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How much will an investment in the fund grow

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Problem 1: The Keegan Income Fund charges a front-end load of 3% but has no 12b-1 fee and an expense ratio of 0.4%. Assume the rate of return on this fund (before any fees) is 10% per year. How much will an investment of $100 in this fund grow to after 5 years?

Reference no: EM132762510

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