Refer to Problem 12.11. If Best was a load fund with a 2.5% front-end load, what would

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Refer to Problem 12.11. If Best was a load fund with a 2.5% front-end load, what would be the HPR?


Data From Problem 12.11

You invested in the no-load Best Mutual Fund one year ago by purchasing 1,000 shares of the fund at the net asset value of $20.00 per share. The fund distributed dividends of $1.00 and capital gains of $1.50. Today, the NAV is $21.00. What was your holding period return?

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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