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Problem 17-06 The Global Growth Fund is a load fund with a 6 percent front load fee. It started the year with a net asset
Problem 17-06 The Global Growth Fund is a load fund with a 6 percent front load fee. It started the year with a net asset value (NAV) of $17.00. During the year the fund distributed $1.15, and at the end of the year its NAV was $18.60. What was the fund's return, and what was an investor's return? Round your answers to two decimal places. The fund's return: % Return on the individual's investment: % Why are they different? -Select- A and the The answers are different because the fund reports its return based on the investrors calculate their return based on the -Select
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