You purchased 5,400 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $63.90 per share. The front-end load for this fund is 5 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 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 Growth Fund is 1.05 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.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You purchased 5,400 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $63.90 per share. The front-end load ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Acme Explosives recently gave very specific specifications to its suppliers of raw materials in an attempt to improve the quality of those raw materials and to minimize and anticipate the problems they are likely to face in the conversion process.
Answers (1)
An organization estimated that in a particular year the population of a country spent $10.4 trillion in personal consumption. The major categories of these expenditures are durable goods ($1.
Answers (1)
Pear Corporation is considering Alternative A and Alternative B. Costs associated with the alternatives are listed below: Alternative A Alternative B Materials costs $ 40,000 $ 56,000 Processing costs $ 37,000 $ 37,000 Equipment rental $ 13,000 $
Answers (1)
Among the following examples, the one that best illustrates a public good is a (n) a. airline ticket bought by a vacationer. d. movie produced by a Hollywood company. b. bike path around a city or town. c.
Answers (1)
Greg belongs to a society which makes very few distinctions between people and groups. this is reflected in his company, sonata dcm, the managers of which represent several different classes and cultures. the society to which he belongs is
Answers (1)
New Questions in Business
When the auditors discover an overstatement of accounts payable, they would most likely also expect to find an overstatement of:?
Answers (1)
This year Drake and his son purchased real estate for an investment. The price of the property was $1,200,000, and the title named Drake and his son as joint tenants with the right of survivorship.
Answers (1)
Than Wok emigrated from his war-torn country to the United States almost two years ago. He recently found a job working on an assembly line at a major computer manufacturer. Than left his friends and family behind when he came to the United States.
Answers (1)
Universal Electronics, Inc. (UEI), which started operations one year ago, has two divisions: Consumer and Commercial. Both divisions invest heavily in R&D, which is assumed to benefit five years. R&D spending is made uniformly throughout the year.
Answers (1)
What concept is associated with the notion that employers can get greater effort from workers by paying them a relatively high, above-equilibrium wage? A. profit sharingB. efficiency wagesC. piece-rate wagesD. bonus or commissions
Answers (1)