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Tresset [83]
3 years ago
13

You purchased 1,000 shares of the New Fund at a price of $38 per share at the beginning of the year. You paid a front-end load o

f 2.5%. The securities in which the fund invests increase in value by 9% during the year. The fund's expense ratio is 1.3%. What is your rate of return on the fund if you sell your shares at the end of the year
Business
1 answer:
klio [65]3 years ago
4 0

Answer:

1.40%

Explanation:

Calculation to determine your rate of return on the fund if you sell your shares at the end of the year

Rate of Return=[($38,000*(1.13-.09))-((1000 x $38/(1-.025))]/[1000 x $38/(1-.025)]

Rate of Return=[$39,520-($38,000/(1-.025))]/-[$38,000/(1-.025)]

Rate of Return=($39,520-38,974.36)/38,974.36

Rate of Return=1.40%

Therefore your rate of return on the fund if you sell your shares at the end of the year will be 1.40%

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3 years ago
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In an enterprise resource planning (ERP) system, the _____ component provides information on production costs and pricing.
posledela

Answer: manufacturing

Explanation:

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4 years ago
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<h3>What is Assumption of Risk?</h3>

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2 years ago
Indicate whether the following statements about the conceptual framework are true or false. (a) The fundamental qualitative char
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Answer:

True or False Statements about the conceptual framework:

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