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What would be the return on a $1,000 investment in a mutual fund whose NAV is $20? The fund has a 3% 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.) Please show steps.

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Category:- Financial Management
Reference No.:- M91804813

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