Answer: 1.4%
Explanation:
To complete the table:
For mutual fund ABC:
- Tim bought 100 shares of mutual fund ABC at $5.25 per share, resulting in a purchase cost of $525 ($5.25 x 100).
- Since there is no load, there is no commission fee.
- The total cost is the same as the purchase cost, which is $525.
- If the sales price of the mutual fund ABC is $850 with no commission fee, then the cash to Tim would be $850.
- The cash to Tim divided by the total cost is ($850 - $0) / $525 = 1.619.
- Rounded to the nearest tenth, the result is 1.6.
- To express this as a percentage, we multiply by 100 to get 160% (rounded to the nearest 1%).
For mutual fund DEF:
- Tim bought 100 shares of mutual fund DEF at $6.00 per share, resulting in a purchase cost of $600 ($6.00 x 100).
- There is a load of $275, which is the commission fee.
- The total cost is the purchase cost plus the commission fee, which is $600 + $275 = $875.
- If the sales price of mutual fund DEF is $1200 with no commission fee, then the cash to Tim would be $1200.
- The cash to Tim divided by the total cost is ($1200 - $0) / $875 = 1.371.
- Rounded to the nearest tenth, the result is 1.4.
- To express this as a percentage, we multiply by 100 to get 140% (rounded to the nearest 1%).
Please note that the table does not provide the percentage for mutual fund DEF, as it is missing from the original question.