elook Problem 17-06 The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $17.00. During the year the fund distributed $1.05, and...

Extracted text: elook Problem 17-06 The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $17.00. During the year the fund distributed $1.05, and at the end of the year its NAV was $18.40. What was the fund's return, and what was an investor's return? Round your answers to two dedimal places. The fund's return: Return on the individual's investment: Why are they different? The answers are different because the fund reports its return based on the salact- v and the investrors calculate their return based on the -Select