Problem 17-06\ The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of

$16.00

. During the year the fund distributed

$1.25

, and at the end of the year its NAV was

$17.55

. What was the fund's return, and what was an investor's return? Round your answers to two decimal places.\ The fund's return:

%

\ Retarn on the individual's investment:

%

\ Why are they different?\ The answers are different because the fund reports its return based on the and the investrors calculate their return based on the

The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $16.00. During the year the fund distributed $1.25, and at the end of the year its NAV was $17.55. What was the fund's return, and what was an investor's return? Round your answers to two decimal places. The fund's return: % Retarn on the individual's investment: % Why are they different? The answers are different because the fund reports its return based on the and the investrors calculate their return based on the