You purchased 1,000 shares of a mutual fund at an offer price of $13.48 per share. Several months later you sold the shares for $14.62 per share. During the time you owned the shares, the fund paid a dividend of $0.67 per share. What was your return on investment? Round to the nearest tenth.

You purchased 1,000 shares of a mutual fund at an offer price of $13.48 per share. Several months later you sold the shares for $14.62 per share. During the time you owned the shares, the fund paid a dividend of $0.67 per share. What was your return on investment? Round to the nearest tenth.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You purchased 1,000 shares of a mutual fund at an offer price of $13.48 per share. Several months later you sold the shares for
$14.62 per share.
During the time you owned the shares, the fund paid a dividend of $0.67 per share. What was your return on investment? Round
to the nearest tenth.
%

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