Question
Hunter invested $7,000.00 in shares of a load mutual fund. The load of the fund is 7%. When Hunter purchased the shares, the NAV per
Hunter invested $7,000.00 in shares of a load mutual fund. The load of the fund is 7%. When Hunter purchased the shares, the NAV per share was $70.00. A year later, Hunter sold the shares at a NAV of $68.00 per share. What is Hunters return from selling his shares in the mutual fund?
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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
