00:01
All right, so let's break this problem down and calculate it and go through step by step.
00:04
Starting with the initial nav being $15 per share.
00:10
All right, so we start with the initial nav again.
00:14
So the net asset value nav at the beginning of the year is $15 per share.
00:18
Two, front end reduction, 4%.
00:21
So the front end load reduces the actual investment amount.
00:25
If the front end load is 4%, the amount effectively interested, are invested is 14 .4.
00:31
So for every $15 .15 and $40 in actually, or $15 .40 cents is actually put into the fund.
00:39
All right.
00:40
So growth of the securities, 10%.
00:42
The fund securities increase in value by 10 % over the year.
00:45
So at the end of the year, the value of the shares between before deducting, the expense ratio is 15 .84...
