Quiz – End-of-Year NAV for a Mutual Fund with Growth and Fees

Essentials of Investments

Bodie, Kane, and Marcus

12th Edition

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Determine the end-of-year net asset value (NAV) for a mutual fund, starting with its initial assets and shares outstanding, accounting for its asset growth rate and the imposition of a 12b-1 fee based on year-end asset values, assuming no distributions are made.

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  • Search Terms: $ %. a all and are asset assets at b- beginning distributions, end-of-year equal fee for fund fund? grow has if imposed imposes in is million mutual nav no of on outstanding shares the there throughout to values. what year year-end year.
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