The AJL Fund has a front-end load of 5%, a back-end load of 3% and an expense ratio of 1%. NAV of the fund at the beginning of the year (t=0) is $20. During the year, the fund paid out dividend distributions of $0.60 to investors. Assume the stocks in the AJL Fund went up by 10% during the year. 

What is the NAV at year end (at t=1)?

Answer rating: 100% (QA)

To calculate the Net Asset Value NAV at the end of the year t1 we need to take into account the init... View the full answer