The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $16.60. During the year the fund distributed $1.25, and at the end of the year its NAV was $18.25. What was the fund's return, and what was an investor's return? Round your answers to two decimal places. The fund's return:   % Return on the individual's investment:   % Why are they different? The answers are different because the fund reports its return based on the  and the investrors calculate their return based on the  .

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Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
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The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $16.60. During the year the fund distributed $1.25, and at the end of the year its NAV was $18.25. What was the fund's return, and what was an investor's return? Round your answers to two decimal places.

The fund's return:   %

Return on the individual's investment:   %

Why are they different?

The answers are different because the fund reports its return based on the  and the investrors calculate their return based on the  .

 

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