Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 1. 10.00 points fund fees and holding period retur

1. 10.00 points Fund fees and holding period return 2 You pay $22,700 to the...

50.1K

Verified Solution

Question

Finance

image

1. 10.00 points Fund fees and holding period return 2 You pay $22,700 to the Laramie Fund, which has a NAV of $13 per share at the beginning of the year. The fund deducted a front-end load of 5%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.2% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year? 0 3.25% 11.14% ? 14.21% ? 9.82%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Define, describe and identify the pros and cons of the following modern construction project delivery...

Civil Engineering
Q

following sentences using an appositive Emma is the hardest worker I know She has a...

Biology
Q

separte by a distance of 1 mm are illuminated with red light of wavelength 6...

Physics
Q

ii Sensitivity of a potentiometer can be increased by a Decreasing potential gradient along the...

Physics
Q

Solve the equation 2x 2 y 2xy 20 0

Basic Math
Q

14 5 Use least squares regression to fit a straight line 11 12 15 17...

Statistics
Q

Let s illustrate the idea of a sampling distribution in the case of a very...

Statistics
Q

Consider the figure below Find lux vl u 6 Ointo the screen 150 v 9...

Calculus
Q

2x 7x 4 x 10x 24

Algebra
Q

53. An internal report that compares actual cost and sales amounts with budgeted amounts and...

Accounting
Q

1. "C" Level Problem 1 The general ledger for Masters Consulting Service as of March...

Accounting
Q

Morrisey Company has two investment opportunities. Both investments cost $5,500 and will provide the same...

Accounting