Problemyou purchased 1900 shares of the new fund at a price, Ask an Expert

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Problem:

You purchased 1,900 shares of the New Fund at a price of $15 per share at the beginning of the year. You paid a front-end load of 5%. The securities in which the fund invests increase in value by 10% during the year. The fund's expense ratio is 2.1%.

Required:

Question: What is your rate of return on the fund if you sell your shares at the end of the year?

Note: Explain all steps comprehensively.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149315

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