Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you bought 60 shares of a mutual fund one year ago

You bought 60 shares of a mutual fund one year ago for $50 per share....

50.1K

Verified Solution

Question

Finance

image
You bought 60 shares of a mutual fund one year ago for $50 per share. The front-end load is 6 percent. The fund paid $1.50 per share in dividends during the year. If the fund's net asset value increased 11 percent during the year, what is the percent return for the year

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

3 Determine the wavelength and frequency of the radiation having the longest wavelength in Lyman...

Physics
Q

According to literature on brand loyalty, consumers who are loyal to a brand are likely to...

Basic Math
Q

10.2) John has two unfair coins, and he claims that they are from the same model...

Statistics
Q

Assessment 9.0: Soil Mechanics Produce a 300 word report which identifies the cause and effect of...

Civil Engineering
Q

Question Many theorists believe that people have an innate predisposition to learn language. Three of the following...

Psychology
Q

1- what is the relationship between integrity and necessity of enforcement ? 2- what is the relationship...

Physics
Q

According to the Pew Research Center, the proportion of the American population who useonly a...

Basic Math
Q

Suppose Carolina Hurricane hockey player Martin Necas has an 18% chance of scoring every time...

Basic Math
Q

Find the derivative, r'(t), of the vector function.r(t) = a + 5tb + tc

Calculus
Q

The University wishes to appoint a new Vice-Chancellor and Chief Executive. It offers the job...

Accounting
Q

Problem 11-4A (Algo) Part 4 What is the per share cost of the treasury...

Accounting
Q

The Loch Corporation reports the following information for its Eastern Division: Revenue $2,000,000...

Accounting