On January 1, you invest $10,000 in an open-end mutual fund selling for $25 per share that has a 2% load, 1.5% management fee and 1% 12b-1 expense s
If the fund NAV appreciates to $28 by the time you sell it on December 31, what was your return on investment?
A) 9.76%
B) 11.2%
C) 8.7%
D) 14%
Answer: A
Business
You might also like to view...
The Franko Company has a beta of 1.90. By what percent will the required rate of return on the stock of Franko Company increase if the expected market rate of return rises by 3%?
A) 1.91% B) 2.75% C) 3.27% D) 5.70%
Business
When Congress makes a tax law or rate change, a corporation recognizes financial statement impact by adjusting the deferred assets or liabilities as of the beginning of the year in which the change is made
Indicate whether the statement is true or false
Business