Question: Problem 17-02 If a mutual fund's net asset value is $23.70 and the fund sells its shares for $25.20, what is the load fee as

Problem 17-02

If a mutual fund's net asset value is $23.70 and the fund sells its shares for $25.20, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places.

If an investor buys shares in a no-load mutual fund for $36 and after five years the shares appreciate to $50, what is (1) the percentage return and (2) the annual compound rate of return using time value of money? Round your answers to two decimal places.

Percentage return: %

The annual compound rate of return: %

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