Question
At the beginning of last year Thomas purchased 300 shares of the Web.com Fund at an NAV of $28.56 and automatically reinvested all distributions. As
At the beginning of last year Thomas purchased 300 shares of the Web.com Fund at an NAV of $28.56 and automatically reinvested all distributions. As a result of reinvesting, Thomas ended the year with 375 shares of the fund with an NAV of $36.76. What was his total return for the year on this investment?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
