Question
Gene Peterson purchased 200 shares in the no-load Fidelity Growth Company Fund a Morningstar five-star fund that seeks capital appreciation. His rationale for choosing this
Gene Peterson purchased 200 shares in the no-load Fidelity Growth Company Fund a Morningstar five-star fund that seeks capital appreciation. His rationale for choosing this fund was that he wanted a fund that was highly rated. Each share in the fund cost $110. At the end of the year, he received dividends of $0 and a capital gain distribution of $8. At the end of 12 months, the shares in the fund were selling for $118. How much did Mr. Peterson invest in this fund? At the end of 12 months, what is the total return for this fund? What is the percentage of total return?
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Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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1264101597, 9781264101597
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