What Would Be the Return on a $1000 Investment in a Mutual

question 31

Essay

What would be the return on a $1000 investment in a mutual fund whose NAV is $20? The fund has a 3 percent front-end load and,during the holding period,$400 of fund distributions are reinvested at a NAV of $25 (no load applied to reinvestment).The fund is ultimately sold at a NAV of $24.(Round to the nearest tenth of a percent.)

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Definitions:

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Graduated Container

A container marked with measurements, used for accurately measuring liquids or other substances.

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The amount of urine produced and expelled by a patient after undergoing surgical procedures, an important indicator of renal function and fluid balance.