You invested in the no-load Best Mutual Fund one year ago by purchasing 600 shares of the
Fantastic news! We've Found the answer you've been seeking!
Question:
You invested in the no-load Best Mutual Fund one year ago by purchasing 600 shares of the fund at the net asset value of $18.18 per share. The fund distributed dividends of $2.05 and capital gains of $2.33. Today, the NAV is $19.22. If Best was a load fund with a 2% front-end load, what would be the HPR?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
Posted Date: