ou purchase a mutual fund for $17.23   The fund's NAV is $17.00 (the load fee was .23 cents).   The NAV subsequently rises to $22.00, and you redeem the shares.   What is the percentage return on your investment

Essentials of Business Analytics (MindTap Course List)
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Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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You purchase a mutual fund for $17.23

 

The fund's NAV is $17.00 (the load fee was .23 cents).

 

The NAV subsequently rises to $22.00, and you redeem the shares.

 

What is the percentage return on your investment

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