You buy 100 shares in a mutual fund at its net asset value, Ask an Expert

Accounting

You buy 100 shares in a mutual fund at its net asset value of $10.the fund charges a load fee of 5.5%.during the year, the mutual fund distributes $0.75 in dividends. You redeem the shares for their net asset value of $12.03 and the fund does not charge an exit fee. What percentage return do you earn on the investment?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940354

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - on january 1 20x1 mighty entity pays the fair

Question - On January 1, 20X1, Mighty Entity pays the fair value of $50,000 for a new piece of machinery with an estimated useful life of 8 years. The machine has a drum that must be replaced every four years and costs $ ...

Question - what is the purpose of an operational plan what

Question - What is the purpose of an operational plan? What information or resource is required to develop an operational plan business? In your response include the main requirement to effectively develop and implement ...

Question - this is an accounting problem that appears on

Question - This is an accounting problem that appears on McGraw Hill. Please help with recording the advance collection and revenue earned on the general journal. Thank you. The University of Michigan football stadium, b ...

Question - phil goode will receive 112000 in 19 years his

Question - Phil Goode will receive $112,000 in 19 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the present value of his future "pot of gold"?

Question a firm has consistently adjusted its allowance

Question: A firm has consistently adjusted its allowance account at the end of the fiscal year by adding a fixed percent of the period's sales on account. After seven years, the balance in Allowance for Doubtful Accounts ...

Question - what is the effect on total assets liabilities

Question - What is the effect on total assets, liabilities, and equity of a partnership when a partner is admitted by purchasing an existing partner's interest? Why? What is the effect on the existing partners' capital a ...

Exercise - evaluation of purchase options sosa excavating

Exercise - Evaluation of Purchase Options Sosa Excavating Inc. is purchasing a bulldozer. The equipment has a price of $00,000. The manufacturer has offered a payment plan that would allow Amos to make 10 equal annual pa ...

Question - a bond has a 7 coupon and pays interest

Question - A bond has a 7% coupon and pays interest semi-annually. What is the amount of each interest payment if the face value of a bond is $1,000?

Question task 1 on dec 31 2015 paula peter and phil started

Question: Task 1: On Dec 31, 2015 Paula, Peter and Phil started the 3p.com company. The idea is to buy a newly developed easily useable heart monitor device and resell it to elderly private patients. The device is called ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert