In problem 5, assume the fund increased in value by $0.30 the first month after you purchased
Question:
a. What is your total dollar gain or loss? (Compare the total current value with the total purchase amount.)
b. By what percentage would the net asset value of the shares have to increase for you to break even?
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a b You must earn the load of 53 on the net asset v...View the full answer
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Related Book For 
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
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