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Sabrine purchased 4,500 shares of a mutual fund at an offer price of $8.98 per share. Later, she sold the investment for $7.39 per share.
Sabrine purchased 4,500 shares of a mutual fund at an offer price of $8.98 per share. Later, she sold the investment for $7.39 per share. During the time she owned the shares, the fund paid a dividend of $0.58 per share. What was her return on her investment? (Round to the nearest tenth)
a.) 9.5% | ||
b.) 11.2% | ||
c.) 1.2% | ||
d.) 6.6% |
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