Question
An investor purchases a mutual fund share for $100. The fund pays dividends of $4, distributes a capital gain of $5, and charges a fee
An investor purchases a mutual fund share for $100. The fund pays dividends of $4, distributes a capital gain of $5, and charges a fee of $3 when the fund is sold one year later for $114. What is the net rate of return from this investment? (Round your answer to the nearest whole number.)
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Building Financial Models
Authors: John Tjia
2nd Edition
0071608893, 978-0071608893
