Question
An investor purchases a mutual fund for $50. The fund pays dividends of $.50, distributes a capital gain of $1, and charges a fee of
An investor purchases a mutual fund for $50. The fund pays dividends of $.50, distributes a capital gain of $1, and charges a fee of $1 when the fund is sold one year later for $50.50. What is the net rate of return from this investment?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
8th Edition
007322359X, 9780073223599
