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HELP Twelve months ago, you purchased the shares of a no-load mutual fund for $22.20 per share. The fund distributed cash dividends of $0.90 and
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Twelve months ago, you purchased the shares of a no-load mutual fund for $22.20 per share. The fund distributed cash dividends of $0.90 and capital gains of $1.55 per share. If the net asset value of the fund is currently $24.45, what was your annual return on the investment? Round your answer to two decimal places. % If the value of the shares had been $21.34, what would have been your annual return? Round your answer to two decimal places. % Continue without savingStep by Step Solution
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