Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Points) 4. Peter had 700 shares of High Fund on January 1. Each share had a price of $ 2 5 .35. During the year
Points)
4. Peter had 700 shares of High Fund on January 1. Each share had a price of $25.35. During the year he received $172 in dividends and $868 in capital gains distributions. Peter used the funds to purchase new shares at an average price of $26 per share. By the end of the year the shares went up to $29.85 per share. What is hispercentage rate of return?
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