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Dane purchased 3000 shares of a mutual fund at an offer price of $6.03 per share. Later, he sold the investment for $3.64 per share.
Dane purchased 3000 shares of a mutual fund at an offer price of $6.03 per share. Later, he sold the investment for $3.64 per share. During the time Dane owned the shares, the fund paid a dividend of $0.52 per share. what was his return on investment?
A. -31.0%
B. -37.1%
C. +44.3%
D. +41.2%
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