The Bruin Stock Fund sells Class A shares that have a front-end load of 4.75 percent, a 12b-1 fee of .43 percent, and other fees of 1.33 percent. There are also Class B shares with a 5 percent CDSC that declines 1 percent per year, a 12b-1 fee of 2 percent, and other fees of 1.33 percent. Assume the portfolio return is 12 percent per year. a. What is the value of $1 invested in each share class if your investment horizon is 3 years?
b. What if your investment horizon is 20 years?