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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 32 times)

EY67

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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.)


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Marked as best answer by EY67 on Nov 11, 2019

Anton

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EY67

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Reply 2 on: Nov 11, 2019
Excellent


kthug

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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