Question
Estimating Returns.Hope invested $5,300 in a mutual fund at a time when the price per share was $12. The fund has a load fee of
Estimating Returns.Hope invested
$5,300
in a mutual fund at a time when the price per share was
$12.
The fund has a load fee of
$133.
As a result, she purchased
431
shares in the mutual fund. Hope later sold her shares in the mutual fund for
$16
per share. What would her return be? If it had been a no-load fund and she purchased
442
shares, what would her return be?
Part 2
Hope's return on the load fund would be
enter your response here%.
(Round to two decimal places.)
Part 3
Hope's return on the no-load fund would be
enter your response here%.
(Round to two decimal places.)
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