Question
An investor purchases a mutual fund share for $100. The fund pays dividends of $3, distributes a capital gain of $4, and charges a fee
An investor purchases a mutual fund share for $100. The fund pays dividends of $3, distributes a capital gain of $4, and charges a fee of $2 when the fund is sold one year later for $102. What is the net rate of return from this investment?
| Rate of return | % |
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Managerial Finance
Authors: Alan Parkinson
1st Edition
0750618264, 978-0750618267
