This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What would be the return on a $1000 investment in a mutual fund whose NAV is $20? The fund has a 3 ... (Read 67 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Nov 11, 2019
What would be the return on a $1000 investment in a mutual fund whose NAV is $20? The fund has a 3 percent front-end load and, during the holding period, $400 of fund distributions are reinvested at a NAV of $25 (no load applied to reinvestment). The fund is ultimately sold at a NAV of $24. (Round to the nearest tenth of a percent.)
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by EY67 on Nov 11, 2019

Anton

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


EY67

  • Member
  • Posts: 531
Reply 2 on: Nov 11, 2019
Gracias!

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica
Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres
An investment versus a bill An investment versus a bill
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel pump and ... Fuel should be heard returning to the fuel tank at the fuel return line if the fuel pump and ...
How to calculate the future value of a mutual fund How to calculate the future value of a mutual fund
Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ... Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ...
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library