Solution-You purchased 1000 shares of the new fund at a

You purchased 1000 shares of the new fund at a price of 20

Reference no: EM13573419

You purchased 1,000 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load of 4%. The securities in which the fund invests increase in value by 12% during the year. The fund"s expense ratio is 1.2%. What is your rate of return on the fund if you sell your shares at the end of the year?

Reference no: EM13573419

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You purchased 1000 shares of the new fund at a price of 20

Reference no: EM13573419

Reference no: EM13573419

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