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a)The Jurong growth fund has a beginning-of-year NAV of $20. During the year, the asset of the fund grew by 5%. The fund has a
a)The Jurong growth fund has a beginning-of-year NAV of $20. During the year, the asset of the fund grew by 5%. The fund has a 2.5% expense ratio. What is the end-of-year NAV of this fund?
b)Douglas has $20,000 in savings that he wishes to invest in the UOB United Singapore Growth Fund. The funds current NAV is $10.00 and has a 5% front-end load. How many shares can he purchase with his $20,000?
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