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Question 6 You purchase 5000 shares of ABC fund, which has a NAV of $127.13 and a redemption fee of 2.51% and an expense ratio
Question 6
You purchase 5000 shares of ABC fund, which has a NAV of $127.13 and a redemption fee of 2.51% and an expense ratio of 1.29%. After 1 year, you decide to redeem your shares of the fund when it has a NAV of $139.51. During that year, you received a distribution of $1.63. What is your holding period return on your investment? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99). You purchase 5000 shares of ABC fund, which has a NAV of $127.13 and a redemption fee of 2.51% and an expense ratio of 1.29%. After 1 year, you decide to redeem your shares of the fund when it has a NAV of $139.51. During that year, you received a distribution of $1.63. What is your holding period return on your investment? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99)Step by Step Solution
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