Homework Help is Here – Start Your Trial Now!
Business
Finance
On January 3, 2011, Marvel purchased 3,000 shares in equity growth fund at an offering price of $51.10 per share. The front-end load is 6% and back-end load for redemption within one year is 4%. The underlying assets in this mutual increase including the dividends that were reinvested by 7% in 2011 and she sell back her shares at the end of the year. If the operating expense ratio for this fund is 2.5%, what will be her total return from the investment?

On January 3, 2011, Marvel purchased 3,000 shares in equity growth fund at an offering price of $51.10 per share. The front-end load is 6% and back-end load for redemption within one year is 4%. The underlying assets in this mutual increase including the dividends that were reinvested by 7% in 2011 and she sell back her shares at the end of the year. If the operating expense ratio for this fund is 2.5%, what will be her total return from the investment?

Essentials Of Investments
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
See similar textbooks
icon
Related questions
Question

Please correct sir, thanks

On January 3, 2011, Marvel purchased 3,000 shares in equity growth fund at an offering price of $51.10 per share. The front-end load is 6% and back-end load for redemption within one year is 4%. The underlying assets in this mutual increase including the dividends that were reinvested by 7% in 2011 and she sell back her shares at the end of the year. If the operating expense ratio for this fund is 2.5%, what will be her total return from the investment? (a) -5.70% (b) 11.30% (c)-6.34% (d) 5.87%
Transcribed Image Text:On January 3, 2011, Marvel purchased 3,000 shares in equity growth fund at an offering price of $51.10 per share. The front-end load is 6% and back-end load for redemption within one year is 4%. The underlying assets in this mutual increase including the dividends that were reinvested by 7% in 2011 and she sell back her shares at the end of the year. If the operating expense ratio for this fund is 2.5%, what will be her total return from the investment? (a) -5.70% (b) 11.30% (c)-6.34% (d) 5.87%
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Mutual Funds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS