Question
You invested in the no-load Best Mutual Fund one year ago by purchasing 1000 shares of the fund at the net asset value of $18.56
You invested in the no-load Best Mutual Fund one year ago by purchasing 1000 shares of the fund at the net asset value of $18.56 per share. The fund distributed dividends of $2.75 and capital gains of $1.54. Today, the NAV is $20.13. If Best was a load fund with a 2% front-end load, what would be the HPR?
Your holding period return would be:
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High Frequency Financial Econometrics
Authors: Yacine Aït Sahalia, Jean Jacod
1st Edition
0691161437, 978-0691161433
