Question
Two years ago an investor invested $21 thousand into a fund with a 3.6% front-end load, a 1% annual expense ratio, and a NAV of
Two years ago an investor invested $21 thousand into a fund with a 3.6% front-end load, a 1% annual expense ratio, and a NAV of $36.97 per share. The securities in the fund increased by 11.4 percent each year, and then the investor sold the fund. What was the investor's total holding period return?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
