Five years ago, you invested in the Future Invest co Mutual Fund by purchasing 1,300 shares of
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Five years ago, you invested in the Future Invest co Mutual Fund by purchasing 1,300 shares of the fund at the price of $17.44 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,550 shares in this fund for $21.78 per share. If there were a 3% load on this fund, what would your rate of return be?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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