Question
A man invested $1000 by buying 100 shares of Go Big or Go Home Mutual Fund, an aggressive growth no-load mutual fund. So far, the
- A man invested $1000 by buying 100 shares of Go Big or Go Home Mutual Fund, an aggressive growth no-load mutual fund. So far, the NAV for his investment has risen from $10 per share to $13.
What is the percentage increase in the NAV for this mutual fund?
If he redeemed the first 100 shares of his mutual fund investment for $13 per share, what would be his capital gain over the amount invested?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
