On January 3, 2011, Marvel purchased 3,000 shares in equity growth fund at an offering price of $51.10 per share. The front-end load is 6% and back-end load for redemption within one year is 4%. The underlying assets in this mutual increase including the dividends that were reinvested by 7% in 2011 and she sell back her shares at the end of the year. If the operating expense ratio for this fund is 2.5%, what will be her total return from the investment?

On January 3, 2011, Marvel purchased 3,000 shares in equity growth fund at an offering price of $51.10 per share. The front-end load is 6% and back-end load for redemption within one year is 4%. The underlying assets in this mutual increase including the dividends that were reinvested by 7% in 2011 and she sell back her shares at the end of the year. If the operating expense ratio for this fund is 2.5%, what will be her total return from the investment?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 50P

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