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The AJL Fund has a front-end load of 5%, a back-end load of 3% and an expense ratio of 1%. NAV of the fund at
The AJL Fund has a front-end load of 5%, a back-end load of 3% and an expense ratio of 1%. NAV of the fund at the beginning of the year (t=0) is $20. During the year, the fund paid out dividend distributions of $0.60 to investors. Assume the stocks in the AJL Fund went up by 10% during the year. What is the NAV at year end (at t=1)?
$21.33 | ||
$21.78 | ||
$22.00 | ||
$22.38 | ||
None of the above |
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