Business, 19.03.2020 02:33 needhelp243435
You pay $21,600 to a mutual fund, which has a NAV of $18 per share at the beginning of the year. The fund deducted a front-end load of 4%. The securities in the fund increased in value by 10% during the year and the fund's expense ratio is 1.3% during the year (deducted periodically from the fund). What is your rate of return on the fund if you sell your shares at the end of the year
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You pay $21,600 to a mutual fund, which has a NAV of $18 per share at the beginning of the year. The...
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