Question
a)The Nanyang Fund has a front-end load of 0%, a back-end load of 5% and its expense ratio = 0%. Beginning year (at t=0) NAV
a)The Nanyang Fund has a front-end load of 0%, a back-end load of 5% and its expense ratio = 0%. Beginning year (at t=0) NAV = $20. During the year, the fund paid out dividend distributions of $0.80 to investors. At the end of year, the NAV is $22. If an investor sells her fund shares at the end of the year, what is her investment return?
b)
Which of the following would decrease the net asset value of a mutual fund share, assuming all else remained unchanged? [I] An increase in the back-end load. [II] A decrease in the value of one of the funds stock. [III] A decrease in the expense ratio.
I only | ||
II only | ||
I and III only | ||
I, II, and III | ||
None of I, II, and III |
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