Multiple Choice
You pay $216,000 to the Capital Hedge Fund, which has a price of $18 per share at the beginning of the year. The fund deducted a front-end commission of 4%. The securities in the fund increased in value by 15% during the year. The fund's expense ratio is 2% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year?
A) 5.35%
B) 7.23%
C) 8.19%
D) 10%
Correct Answer:
Verified
Correct Answer:
Verified
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