Question
ch 13 lo1 You plan to sell mutual fund XYZ after holding it for 2 years. You purchased 1,000 shares at $25 and earned 10%
ch 13 lo1
You plan to sell mutual fund XYZ after holding it for 2 years. You purchased 1,000 shares at $25 and earned 10% return, compounded monthly. The fund is a front-end load fund of 2%.
What is the value of the investment after 2 years?
Points: 1
- $28,999.43
- $29,899.58
- $31,234.55
- $30,509.77
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Financial Modeling An Introductory Guide To Excel And VBA Applications In Finance
Authors: Joachim Häcker, Dietmar Ernst
1st Edition
1137426578, 978-1137426574
