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You purchase 5000 shares of ABC fund, which has a NAV of $126.64 and a redemption fee of 2.61% and an expense ratio of
You purchase 5000 shares of ABC fund, which has a NAV of $126.64 and a redemption fee of 2.61% and an expense ratio of 1.04%. After 1 year, you decide to redeem your shares of the fund when it has a NAV of $124.7. During that year, you received a distribution of $0.79. What is your holding period return on your investment?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
