Question
eBook Problem 17-06 Suppose that at the start of the year, a no-load mutual fund has a net asset value of $27.25 per share. During
eBook Problem 17-06 Suppose that at the start of the year, a no-load mutual fund has a net asset value of $27.25 per share. During the year, it pays its shareholders a capital gain and dividend distribution of $1.50 per share and finishes the year with an NAV of $30.46.
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