Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investor buys shares in a mutual fund for $20. At end of the year the fund distributes a dividend of 0.58. After the distribution

An investor buys shares in a mutual fund for $20.

At end of the year the fund distributes a dividend of 0.58.

After the distribution net asset value of a share is 24.31.

What is the investor's percentage return on the investment?

The answer should be 19.96% and post work.
Do not even answer if you don't get an answer of 19,96 from these numbers.

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions