Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Your Money The Missing Manual

Authors: J.D. Roth

1st Edition

0596809409, 978-0596809409

More Books

Students also viewed these Finance questions