What is your total return from this investment

Assignment Help Financial Management

Reference no: EM131603304

You purchased 2,800 shares in the New Pacific Growth Fund on January 2, 2010, at an offering price of $55.7 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 4 percent during 2010, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific Growth Fund is 1.87 percent, what is your total return from this investment?

Reference no: EM131603304

Questions Cloud

How do you effectively manage a classroom : How do you effectively manage a classroom? What is most challenging about issues related to discipline and classroom management?

Review case of robyn rainer : Robyn Rainer worked as a lecturer with Victoria University in the college of business. The college of business ran a number of courses in Calcutta University.

Identify an area of life that has an impact on environment : Identify an area of life that has an impact on the environment, and explain how the possession or lack of virtue may make a difference?

Evaluate the issue of charging a return fee : Evaluate the study and give a full report of your understanding of the issue at hand. Evaluate the issue of charging a return fee; would it fly in today''s society?

What is your total return from this investment : If the operating expense ratio for the New Pacific Growth Fund is 1.87 percent, what is your total return from this investment?

Define fundamental challenges that organizations face : Determine the fundamental challenges that organizations face in general in regard to protecting organizational assets and information

Consulting expenses are common in business setting : Consulting expenses are common in the business setting to realize value.

Electric utilities just issued some new preferred stock : Electric Utilities just issued some new preferred stock.

Explain computing and wireless computing are synonymous : Decide whether or not mobile computing and wireless computing are synonymous

User Account

All Pages