Question
An investor purchases a mutual fund for $40. The fund pays dividends of $1.70, distributes a capital gain of $4, and charges a fee of
| An investor purchases a mutual fund for $40. The fund pays dividends of $1.70, distributes a capital gain of $4, and charges a fee of $4 when the fund is sold one year later for $42.30. What is the net rate of return from this investment? |
| Rate of return | % |
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
