Question
You invested in the no-load Best Mutual Fund one year ago by purchasing 600 shares of the fund at the net asset value of $18.18
You invested in the no-load Best Mutual Fund one year ago by purchasing 600 shares of the fund at the net asset value of $18.18 per share. The fund distributed dividends of $2.05 and capital gains of $2.33. Today, the NAV is $19.22. If Best was a load fund with a 2% front-end load, what would be the HPR?
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If Best was a load fund with a 2 front end load the H PR would be 1 48 ...
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
