Q
You purchased 1,230 shares of the New Fund at a price of $86 per share at the beginning of the year. You paid a front-end load of 9%. The securities in which the fund invests increase in value by 34% during the year. The fund's expense ratio is 2.3%.
Required:
What is your rate of return on the fund if you sell your shares at the end of the year? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Required:
What is your rate of return on the fund if you sell your shares at the end of the year? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
A
Dear Student...