Question
Emily bought 2,000 shares of FMI Fund at an NAVPS of $14.59 with a front-end load of 3%. The fund paid and reinvested a distribution
Emily bought 2,000 shares of FMI Fund at an NAVPS of $14.59 with a front-end load of 3%. The fund paid and reinvested a distribution of $1.17 per share.
What is her total adjusted cost base?
Step by Step Solution
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To calculate Emilys total adjusted cost base we need to consider the followi...
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
