pay $21,600 to the Laramie Fund, which has an NAV of $18 per share at the beginning of the The fund deducted a front-end load of 4% at the time of the purchase. The securities in the then increased in value by 10% during the year. The fund's expense ratio is 1.3% and is ucted from year-end asset values. What is your rate of return on the fund if you sell your shar he end of the year? Select the answer closest to the correct return. t: The formula on slide # 23 in the "Mutual Funds, ETFs, ..." slide set solves for the gross return rate of return would be the gross return minus 1. The formula on slide # 23 can be written as X(1-f)(1+r-a)" (1-6) ossReturn = (1 − f)(1+r-a)" (1-b) or as Gross Return = X re X is the dollar amount invested. The other variables in the formula (f, r, a, n, b) are all define he slide set and in the lecture.) 12%
pay $21,600 to the Laramie Fund, which has an NAV of $18 per share at the beginning of the The fund deducted a front-end load of 4% at the time of the purchase. The securities in the then increased in value by 10% during the year. The fund's expense ratio is 1.3% and is ucted from year-end asset values. What is your rate of return on the fund if you sell your shar he end of the year? Select the answer closest to the correct return. t: The formula on slide # 23 in the "Mutual Funds, ETFs, ..." slide set solves for the gross return rate of return would be the gross return minus 1. The formula on slide # 23 can be written as X(1-f)(1+r-a)" (1-6) ossReturn = (1 − f)(1+r-a)" (1-b) or as Gross Return = X re X is the dollar amount invested. The other variables in the formula (f, r, a, n, b) are all define he slide set and in the lecture.) 12%
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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