Investments, tenth edition

 The  Investment 

Environment 

     CHAPTER ONE  

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03/05/13   12:08 AM

  NUMBERED EXAMPLES 

NUMBERED AND TITLED  examples are 

integrated throughout chapters. Using the 

worked-out solutions to these examples 

as models, students can learn how to solve 

specific problems step-by-step as well as 

gain insight into general principles by 

seeing how they are applied to answer 

concrete questions.   

 Here are fees for different classes of the Dreyfus High Yield Fund in 2012. Notice the 

trade-off between the front-end loads versus 12b-1 charges in the choice between 

Class A and Class C shares. Class I shares are sold only to institutional investors and 

carry lower fees.