Hunter invested $ 7,000 in shares of a load mutual fund. The load of the fund is 7%. When Hunter purchased the shares, the NAV per share was $ 70. A year later, Hunter and why? sold the shares at a NAV of $ 68 per share. What is Hunter’s return from selling his shares in the mutual fund?
Answer to relevant QuestionsRena purchased 200 shares of a no load stock mutual fund. During the year she received $ 3 per share in dividend distributions, $ 200 in long term capital gain distributions, and capital gains of $ 1,100 when she sold the ...What types of mutual funds should the Sampsons consider, given their investment objective? How might your expectations of economic conditions influence your asset allocation? What is the problem with this strategy? Where are stock options traded? What is the exchange’s role in the trade? Given Brad’s lack of knowledge of investing and his limited time to learn or do research, what might be the best option for Brad to pursue and still get the benefit of the potential growth in the technology sector?
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