At the beginning of last year Thomas purchased 200 shares of the Web.com Fund at an NAV of $26.29 and automatically reinvested all distributions. As
At the beginning of last year Thomas purchased 200 shares of the Web.com Fund at an NAV of $26.29 and automatically reinvested all distributions. As a result of reinvesting, Thomas ended the year with 262 shares of the fund with an NAV of $ 28.61. What was his total return for the year on this investment?
Question - The total return on his investment is ______ %.(Round to two decimal places.)
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Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
