Question
At the beginning of last year Thomas purchased 300 shares of the Web.com Fund at an NAV of $15.26 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 $15.26 and automatically reinvested all distributions. As a result of reinvesting, Thomas ended the year with 405 shares of the fund with an NAV of$ 18.54 . What was his total return for the year on this investment?
The total return on his investment is _____%. (Round to two decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
978-0077398194
