You purchase 1,000 shares of an AGF mutual fund for $25 and hold it for 3 years,

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You purchase 1,000 shares of an AGF mutual fund for $25 and hold it for 3 years, earning a 10% return, compounded monthly. The fund charges a back-end load of 4%. What are your net proceeds upon sale?

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Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Posted Date: Apr 05, 2024 07:51 AM

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You purchase 1,000 shares of an AGF mutual fund for $25 and hold it for 3 years,

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To calculate the net proceeds upon the sale of the mutual fund after 3 years we need to consider the ... View the full answer

Introduction to Corporate Finance What Companies Do

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