Question
You invested in theno-load Best Mutual Fund one year ago by purchasing 800 shares of the fund at the net asset value of $18.46 per
You invested in theno-load Best Mutual Fund one year ago by purchasing 800 shares of the fund at the net asset value of $18.46 per share. The fund distributed dividends of $1.58 and capital gains of $1.61. Today, the NAV is $19.55. If Best was a load fund with a 3.5% front-end load, what would be theHPR?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
