Question
A funds reported average return is 10% per year and it charges a 5% front-end load. An investor has $50,000 to invest with the fund
A funds reported average return is 10% per year and it charges a 5% front-end load. An investor has $50,000 to invest with the fund for a 5-year horizon. What is the investors average return over the 5 years?
8.87%
10.6%
9%
27.62%
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Finance For Managers
Authors: E. Martinez Abascal
1st Edition
0077140079, 9780077140076
