You bought 70 shares of a mutual fund one year ago for $50 per share. The front-end load is 5 percent. The fund paid $2.00 per share in dividends during the year. If the fund's net asset value increased 15 percent during the year, what is the percent return for the year?
You bought 70 shares of a mutual fund one year ago for $50 per share. The front-end load is 5 percent. The fund paid $2.00 per share in dividends during the year. If the fund's net asset value increased 15 percent during the year, what is the percent return for the year?
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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