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Business, 14.07.2020 20:01 quavion61

You are considering investing in a no-load mutual fund with an annual expense ratio of 0.4% and an annual 12b-1 fee of 0.55%. You could also invest in a bank CD paying 8.0% per year. What minimum annual rate of return must the fund earn to make you better off in the fund than in the CD

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