FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 years ago Clarissa purchased shares in a certain mutual fund at Net Asset Value (NAV) of $57. She reinvested her dividends into the fund,

image text in transcribed
5 years ago Clarissa purchased shares in a certain mutual fund at Net Asset Value (NAV) of $57. She reinvested her dividends into the fund, and today she has 8.2% more shares than when she started. If the fund's NAV has increased by 49.4% since her purchase, compute the rate of return on her investment if she sells her shares today. Round your answer to the nearest tenth of a percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategies For Small Audit Shops

Strategies For Small Audit Shops

Authors: David O'Regan

2nd Edition

0894134701, 978-0894134708

More Books

Students also viewed these Accounting questions

Question

★★★★★
Liquid nitrogen is stored in a thin-walled spherical vessel of diameter Di = 1 m. The vessel is positioned concentrically within a larger, thin-walled spherical container of diameter Do = 1.10 m and...

Answered: 1 week ago

Question

★★★★★
a. In 2022, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute Marias self-employment tax liability and the allowable income tax deduction for the...

Answered: 1 week ago

Question

★★★★★
Which of the following sentences is most economical without eliminating words that may carry important information? a. The agency will prepare a catalogue of the skills that each staff member...

Answered: 1 week ago

Question

★★★★★
Wal-Mart Stores (Walmart) is the worlds largest retailer. It employs an everyday low price strategy and operates stores as three business segments: Wal-Mart Stores U.S., International, and Sams Club....

Answered: 1 week ago

Question

★★★★★
5 years ago Clarissa purchased shares in a certain mutual fund at Net Asset Value (NAV) of $57. She reinvested her dividends into the fund, and today she has 8.2% more shares than when she started....

Answered: 1 week ago

Question

★★★★★
E9-6 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each...

Answered: 1 week ago

Question

★★★★★
The term COCOA, according to the author, best fits within the concept of area analysis and is generally considered within : Group of answer choices Military Missions Cultural Geography and Strategic...

Answered: 1 week ago

Question

★★★★★
Problem 6-18 (Algo) Relevant Cost Analysis in a Variety of Situations [LOG-2, LOG-3, LOG-4] Andretti Company has a single product called a Dak. The company normally produces and sells 87,000 Daks...

Answered: 1 week ago

Question

★★★★★
Sweet Memories Inc (for Q11-13) Sweet Memories Inc is a company that produces Customized Family Portraits. Preparing a Family Portrait involves 3-steps: Collect the Images and Stories, Edit, and...

Answered: 1 week ago

Question

★★★★★
Rebecca v My Home Courses Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback H ng.cengageicom a MindTap - Cengage Learning '2: CENGAGE | MINDTAP...

Answered: 1 week ago

Question

★★★★★
Describe effectiveness of reading at night?

Answered: 1 week ago

Question

★★★★★
(Appendices) Explain how the Federal Reserve Bank affects the money supply in the United States. How do the Feds actions, including setting reserve requirements and controlling discount rates, speed...

Answered: 1 week ago

Question

★★★★★
(Appendices) A CLASSIFIED INCOME STATEMENT FOR A MERCHANDISING BUSINESS. For each of the cases presented below, compute the missing amounts: LO8

Answered: 1 week ago

Question

★★★★★
(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: AGING METHOD. Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayces accounts receivable: Cindy...

Answered: 1 week ago

Previous Question Next Question