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Samir purchased shares of a chartered bank for $85 a share. The shares paid a dividend of $2.50 each year. The dividends were reinvested. After

Samir purchased shares of a chartered bank for $85 a share.  The shares paid a dividend of $2.50 each year.  The dividends were reinvested.  After 5 years Samir sold the shares for $92 each. What was his effective annual return?


You plan to sell mutual fund XYZ after holding it for 2 years. You purchased 1,000 shares at $25 and earned 10% return, compounded monthly. The fund has a front-end load fund of 2%.

What is the value of your investment after 2 years?



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