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Author Question: If a mutual fund's NAV is $50 and its expense ratio is 2%, what are the total expenses per share? (Read 73 times)

LaDunn

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Question 1

You invested $1,000 in a mutual fund with a 4% load when the NAV was $20 per share. If you sell your shares at an NAV of $24 per share, what is the return on your investment?


◦ 14.8%
◦ 15.2%
◦ 12.5%
◦ 10.8%

Question 2

If a mutual fund's NAV is $50 and its expense ratio is 2%, what are the total expenses per share?


◦ $2
◦ $10
◦ $1
◦ $5


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Marked as best answer by LaDunn on Apr 14, 2019

cclemon1

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