Business
Business, 25.02.2020 01:51, jbrowley

One year ago, you purchased $8,000 worth of a mutual fund at an offering price of $41.40 a share. Today, the fund distributed $0.20 per share in short-term gains and $1.04 per share in long-term gains. The current offering price is $46.60. The fund has a front-end load of 5 percent and total annual operating expenses of 1.25 percent. What is your rate of return on this investment?

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One year ago, you purchased $8,000 worth of a mutual fund at an offering price of $41.40 a share. To...

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