You purchased 2,800 shares in the New Pacific Growth Fund on January 2, 2019, at an offering price of $55.70 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2019, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific Growth Fund is 1.87 percent, what is your total return from this investment? (Assume that the operating expense is netted against the fund’s return.) (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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You purchased 2,800 shares in the New Pacific Growth Fund on January 2, 2019, at an offering price of $55.70 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying asset
You purchased 4,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $34.20 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 7 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased 5,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $45.90 per share. The front-end load for this fund is 4 percent, and the back-end load for redemptions within one year is 2 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased 5,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $45.90 per share. The front-end load for this fund is 4 percent, and the back-end load for redemptions within one year is 2 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased 3,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $29.30 per share. The front-end load for this fund is 6 percent, and the back-end load for redemptions within one year is 1 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 6 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased 4,000 shares in the New Pacific Growth Fund on January 2, 2010, at an offering price of $56.10 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2010, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased shares of a mutual fund at an offering price of $95 per share at the beginning of the year and paid a front-end load of 4.25%. If the securities in which the fund invested increased in value by 9.75% during the year, and the fund's expense ratio was 1.90%, what is your rate of return if you sold the fund at the end of the year?
You purchased shares of a mutual fund at an offering price of $95 per share at the beginning of the year and paid a front–end load of 4.00%. If the securities in which the fund invested increased in value by 13.25% during the year, and the fund’s expense ratio was 1.50%, what is your rate of return if you sold the fund at the end of the year? Enter your answer rounded to two decimal places. The price of a...
One year ago, Allison purchased 350 shares of a mutual fund which has a front-end load of 5.25 percent. The NAV at the time of purchase was $30. Today, the NAV is $33. The fund had total annual expenses of 1.65 percent. There were no fund distributions this past year. What is Allison's rate of return for the year? Group of answer choices 4.76 percent -1.10 percent -1.04 percent 4.23 percent 5.00 percent You want to buy 1,200 shares of...
You purchased 1,400 shares of the New Fund at a price of $15 per share at the beginning of the year. You paid a front-end load of 3%. The securities in which the fund invests increase in value by 13% during the year. The fund's expense ratio is 1.6%. What is your rate of return on the fund if you sell your shares at the end of the year?
You purchased 1,500 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load of 5%. The securities in which the fund invests increase in value by 14% during the year. The fund's expense ratio is 1.7%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal...