a. (5 points) What are the five benefits of mutual fund investment? b. (6 points) David...
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a. (5 points) What are the five benefits of mutual fund investment? b. (6 points) David purchases 100 shares in a mutual fund with a NAV of $24.50. The fund has a front-end load of 5% and a back-end load of 1%. A couple of months later, the investor sells the 100 shares at a NAV of $28.50. What is the rate of return on his investment without front-end load and back-end load? What is the rate of return on his investment with front-end load and back-end load? a. (5 points) What are the five benefits of mutual fund investment? b. (6 points) David purchases 100 shares in a mutual fund with a NAV of $24.50. The fund has a front-end load of 5% and a back-end load of 1%. A couple of months later, the investor sells the 100 shares at a NAV of $28.50. What is the rate of return on his investment without front-end load and back-end load? What is the rate of return on his investment with front-end load and back-end load?
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a The five benefits of mutual fund investment are as follows 1 Diversification Mutual funds allow in... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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