You purchased 5,000 shares of a mutual fund at a price of $7.50 per share. You later sell those shares for $8.35 per share. During the time you owned the shares, the fund paid a dividend of $0.41 pershare. Determine your investment return on the fund? Round answer to nearest tenth of a percent

You purchased 5,000 shares of a mutual fund at a price of $7.50 per share. You later sell those shares for $8.35 per share. During the time you owned the shares, the fund paid a dividend of $0.41 pershare. Determine your investment return on the fund? Round answer to nearest tenth of a percent

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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