Question
A year ago, an investor bought 200 shares of a mutual fund at $10.00 per share. Over the past year, the fund has paid dividends
A year ago, an investor bought 200 shares of a mutual fund at $10.00 per share. Over the past year, the fund has paid dividends of $0.50 per share and had a capital gains distribution of $0.25 per share.
Find the investor's holding period return, given that this no-load fund now has a net asset value of $10.90.
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
