Answered step by step
Verified Expert Solution
Question
1 Approved Answer
my Assume that you purchased shares of a mutual fund at a net asset value of $10.00 per share. During the year, you received dividend
my Assume that you purchased shares of a mutual fund at a net asset value of $10.00 per share. During the year, you received dividend income distributions of $0.05 per share and capital gains distributions of $0.06 per share. At the end of the year, the shares had a net asset value of $8.16 per share. What was your rate of return on this investment? Multiple Choice -18.24% . 16.10% 17.3% 0 -16.1% -17.3%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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