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Problem 17-06 The Global Growth Fund is a load fund with a 4 percent front load fee. It started the year with a net asset

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Problem 17-06 The Global Growth Fund is a load fund with a 4 percent front load fee. It started the year with a net asset value (NAV) of $16.00. During the year the fund distributed $1.35, and at the end of the year its NAV was $17.00. 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? The answers are different because the fund reports its return based on the Select B and the investors calculate their return based on th Select purchase price

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