Question
An investor purchases a mutual fund for $40. The fund pays dividends of $1.90, distributes a capital gain of $1, and charges a fee of
| An investor purchases a mutual fund for $40. The fund pays dividends of $1.90, distributes a capital gain of $1, and charges a fee of $1 when the fund is sold one year later for $40.10. What is the net rate of return from this investment? |
| Rate of return | % |
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
