Solved

One Year Ago, You Purchased 300 Shares of a Mutual

Question 84

Multiple Choice

One year ago, you purchased 300 shares of a mutual fund that had a front-end load of 4%. The NPV at the time of purchase was $55.20. Today, the NAV (including all reinvested dividends) is $56.32 and the total expenses of the fund for the year were 1.65%. What was your return for the year?


A) - 2.05%
B) - 1.55%
C) 0.91%
D) 1.96%
E) 2.10%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents