You purchased 1000 shares of a mutual fund at an offer price of $13.88 per share. Several months later you sold the shares for $14.42 per share during the time you owned the shares the fund paid a dividend of $0.61 per share. What was the return on the investment round to the nearest tenth.
You purchased 1000 shares of a mutual fund at an offer price of $13.88 per share. Several months later you sold the shares for $14.42 per share during the time you owned the shares the fund paid a dividend of $0.61 per share. What was the return on the investment round to the nearest tenth.
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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You purchased 1000 shares of a mutual fund at an offer price of $13.88 per share. Several months later you sold the shares for $14.42 per share during the time you owned the shares the fund paid a dividend of $0.61 per share. What was the return on the investment round to the nearest tenth.
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