The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $16.60. During the year the fund distributed $1.25, and at the end of the year its NAV was $18.25. What was the fund's return, and what was an investor's return? Round your answers to two decimal places. The fund's return: % Return on the individual's investment: % Why are they different? The answers are different because the fund reports its return based on the and the investrors calculate their return based on the .
The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $16.60. During the year the fund distributed $1.25, and at the end of the year its NAV was $18.25. What was the fund's return, and what was an investor's return? Round your answers to two decimal places. The fund's return: % Return on the individual's investment: % Why are they different? The answers are different because the fund reports its return based on the and the investrors calculate their return based on the .
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...
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The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $16.60. During the year the fund distributed $1.25, and at the end of the year its NAV was $18.25. What was the fund's return, and what was an investor's return? Round your answers to two decimal places.
The fund's return: %
Return on the individual's investment: %
Why are they different?
The answers are different because the fund reports its return based on the and the investrors calculate their return based on the .
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