Question
At the beginning of the year, a fund owned 200,000 shares at a price of $10 per share. After one year, the fund received a
At the beginning of the year, a fund owned 200,000 shares at a price of $10 per share. After one year, the fund received a dividend of $0.9 per share, and the value of the stocks in the portfolio increased by 10%.
a) What is the rate of return for the year?
b) What would have been the net rate of return if the fund had an expense ratio of 0.75%?
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
