Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Exercise 59

Butch Gold purchased 500 shares of Shoreline Value fund for an offer price of $8.90 per share. He later sold the shares at a net asset value of $10.50 per share. During the time that he owned the shares, the fund paid a dividend of $0.75 per share three times. What is Batch's return on investment