Hunter invested $7,000 in shares of a load mutual fund. The load of the fund is 7%.
Question:
Hunter invested $7,000 in shares of a load mutual fund. The load of the fund is 7%. When Hunter purchased the shares, the NAV per share was $70. A year later, Hunter sold the shares at an NAV of $68 per share. What is Hunter’s return from selling his shares in the mutual fund?
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Hunters return will be97 Investment Less load ...View the full answer
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