The Global Growth Fund is a load fund with a 6 percent front load fee....
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Finance
The Global Growth Fund is a load fund with a 6 percent front load fee. It started the year with a net asset value (NAV) of $16.50. During the year the fund distributed $1.10, and at the end of the year its NAV was $18.30. What was the fund's return, and what was an investor's return? Round your answers to two decimal places.
The fund's return: %
Return on the individual's investment: %
Why are they different?
The answers are different because the fund reports its return based on the -Select-purchase pricenet asset valueItem 3 and the investrors calculate their return based on the -Select-purchase pricenet asset valueItem 4 .
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