Question
An investor purchases a mutual fund share for $100. The fund pays dividends of $5, distributes a capital gain of $6, and charges a fee
| An investor purchases a mutual fund share for $100. The fund pays dividends of $5, distributes a capital gain of $6, and charges a fee of $4 when the fund is sold one year later for $109. What is the net rate of return from this investment?
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 9780138596873
