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Planning #4 (similar to): Estimating Ret Question Help Estimating Returns. Hope invested $6,700 in a mutual fund at a time when the price per share
Planning #4 (similar to): Estimating Ret Question Help Estimating Returns. Hope invested $6,700 in a mutual fund at a time when the price per share was $29. The fund has a load fee of $228. As a result, she purchased 223 shares in the mutual fund. Hope later sold her shares in the mutual fund for $35 per share. What would her return be? If it had been a no-load fund and she purchased 231 shares, what would her return be? Hope's return on the load fund would be %. (Round to two decimal places.)
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