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You manage an investment fund invested exclusively in Danone shares. On 1 st January, the Danone share price is 5 0 EUR. On 1 st

You manage an investment fund invested exclusively in Danone shares.
On 1st January, the Danone share price is 50 EUR. On 1st June, Danone distributes a dividend of 1.5 EUR per share. On 15 August, you reinvest these dividends in Danone shares (Danone's price is then 35 euros). On 31 December, Danone's price is 50 EUR.
What is the profitability of your fund during this period? (Cash investments are 2%)

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