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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 st January, the Danone share price is EUR. On st June, Danone distributes a dividend of EUR per share. On August, you reinvest these dividends in Danone shares Danones price is then euros On December, Danone's price is EUR.
What is the profitability of your fund during this period? Cash investments are
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