What would be the return on a $1,000 investment in a mutual fund whose NAV is $20? The fund has a 3 percent front-end load and during the holding period,$400 of fund distributions are reinvested at a NAV of $25 (no load applied to reinvestments).The fund is ultimately sold at a NAV of $24.(Round to the nearest tenth of a percent.)
(a)14.8 percent
(b)10.5 percent
(c)15.3 percent
(d)10.8 percent

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The Answer of What would be the return on a $1,000 investment in a mutual fund whose NAV is $20? The fund has a 3 percent front-end load and during the holding period,$400 of fund distributions are reinvested at a NAV of $25 (no load applied to reinvestments).The fund is ultimately sold at a NAV of $24.(Round to the nearest tenth of a percent.)
(a)14.8 percent
(b)10.5 percent
(c)15.3 percent
(d)10.8 percent

What Would Be the Return on a $1,000 Investment in a Mutual