Describe a back-end load, a low load, and a hidden load. How can you tell what kinds of fees and charges a fund has?
Answer to relevant QuestionsBriefly describe each of the following types of mutual funds: a. Aggressive-growth funds b. Equity-income funds c. Growth-and-income funds d. Bond funds e. Sector funds f. Socially responsible funds In the absence of any load charges, open-end mutual funds are priced at (or very close to) their net asset values, whereas closed-end funds rarely trade at their NAVs. Explain why one type of fund would normally trade at its ...A year ago, the Really Big Growth Fund was being quoted at an NAV of $21.50 and an offer price of $23.35. Today, it’s being quoted at $23.04 (NAV) and $25.04 (offer). What is the holding period return on this load fund, ...Describe the steps involved in measuring portfolio return. Explain the role of the port folio's HPR in this process and explain why one must differentiate between realized and unrealized gains. Give 2 reasons why an investor might want to maintain funds in a low-risk, highly liquid investment.
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