You purchased shares of a mutual fund at a price of 2950, Ask an Expert

Economics

You purchased shares of a mutual fund at a price of $29.50 per share at the beginning of the year and paid a front-end load of 4.5%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's expense ratio was 1.75%, what is your rate of return if you sold the fund at the end of the year?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91673730

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