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Business, 15.04.2020 17:27 jaylin50

A year ago, the Really Big Growth Fund was being quoted at an NAV of $21.98 and an offer price of $22.90. Today, it's being quoted at $24.19 (NAV) and $25.20 (offer). What is the holding period return on this load fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled $1.63 per share? Assume that none of the dividends and capital gains distributions are reinvested into the fund. (Hint: You, as an investor, buy fund shares at the offer price and sell at the NAV.)

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A year ago, the Really Big Growth Fund was being quoted at an NAV of $21.98 and an offer price of $2...
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