eflook roblem 17-06 he Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $17.00. During the year the fund istributed $1.05, and at the end of the year its NAV was $18.40. What was the fund's return, and what was an investor's return? Round your answers to wo decimal places. The fund's return: Return on the individual's investment: Why are they different? The answers are different because the fund reports its return based on the -Salect and the investrors calculate their return based on the -Select
eflook roblem 17-06 he Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $17.00. During the year the fund istributed $1.05, and at the end of the year its NAV was $18.40. What was the fund's return, and what was an investor's return? Round your answers to wo decimal places. The fund's return: Return on the individual's investment: Why are they different? The answers are different because the fund reports its return based on the -Salect and the investrors calculate their return based on the -Select
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Problem 17-06
The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $17.00. During the year the fund
distributed $1.05, and at the end of the year its NAV was $18.40. What was the fund's return, and what was an investor's return? Round your answers to
two dedimal places.
The fund's return:
Return on the individual's investment:
Why are they different?
The answers are different because the fund reports its return based on the salact-
v and the investrors calculate their return based on the
-Select
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