Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You invested in the no-load OhYes Mutual Fund one year ago by purchasing 800 shares of the fund at the net asset value of $24.06
You invested in the no-load OhYes Mutual Fund one year ago by purchasing 800 shares of the fund at the net asset value of $24.06 per share. The fund distributed dividends of $1.21 and capital gains of $2.39. Today, the NAV is $25.51. What was your holding period return?
Your holding period return was %. (Round to two decimal places.)
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