Question
A mutual fund had NAV per share of $23.00 on January 1, 2020. On December 31 of the same year the fund's NAV was $25.00.
A mutual fund had NAV per share of $23.00 on January 1, 2020. On December 31 of the same year the fund's NAV was $25.00. Income distributions were $0.64 and the fund had capital gain distributions of $1.26. The fund charges back-end loads of 3%. What rate of return did an investor receive on the fund last year?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
