The global growth fund is a load fund with a 6 percent, Financial Management

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The global growth fund is a load fund with a 6 percent

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 $1.05, and at the end of the year its NAV was $17.95. What was the fund's return, and what was the investor's return? Why are they different?

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Financial Management: The global growth fund is a load fund with a 6 percent

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