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shepherd shepherd
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8 years ago
What would be the return on a $1,000 investment in a mutual fund whose NAV is $20? The fund has a 3% front-end load and during the holding period, $400 of fund distributions are reinvested at a NAV of $25 (no load applied to reinvestments). The fund is ultimately sold at a NAV of $24. (Round to the nearest tenth of a percent.)
A) 14.8%      B) 15.3%      C) 10.5%      D) 10.8%
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Personal Finance

Personal Finance


Edition: 5th
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
Exactly what I wanted!
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#3
8 years ago
Let me know if you need anymore help
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