The Global Growth Fund is a load fund with a 6 percent front load fee. It started

Question:

The Global Growth Fund is a load fund with a 6 percent front load fee. It started the year with a net asset value (NAV) of $16.50. During the year the fund distributed $1.05, and at the end of the year its NAV was $17.95.
What was the fund's return, and what was an investor's return? Why are they different?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: