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A 3% acquisition fee is paid by investors on mutual funds worth $100,000,000. The mutual fund's participation units are priced at $100,000 each. Investors sold
A 3% acquisition fee is paid by investors on mutual funds worth $100,000,000. The mutual fund's participation units are priced at $100,000 each. Investors sold all of their mutual ownership funds for a cost of 0.6% after 2 years, when the mutual fund price increased to $1.500/unit. How many units are the mutual earned? and what percentage of profit or loss is obtained from the sale?
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