Question: ebook Problem 17-06 The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net
ebook Problem 17-06 The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $17.00. During the year the fund distributed $1.05, and at the end of the year its NAV was $18.40. What was the fund's return, and what was an investor's return? Round your answer to two decimal places The fund's return: Return on the individual's Investment: Why are they different? The answers are different because the fund reports its return based on the select and the investors calculate their return based on the Select
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