Mary Jacobs invested $10,000 in a no-load mutual fund with a net asset value of $14.28. She later sold the shares at a net asset value of $15.22 per share. During the time Mary owned the shares, the fund paid a dividend of $.25 per share. What was Mary's rate of return on this investment? (Round to the nearest tenth of a percent)
Correct Answer:
Verified
Q137: Gerald Kiraly sold 8 Romond Corporation bonds
Q138: You purchase 30 bonds with a coupon
Q139: Find the current yield of a bond
Q140: The First United mutual fund has total
Q141: The person who owns shares of a
Q143: The chance you take of making or
Q144: An investment that is an ownership of
Q145: An investment strategy that is a mixture
Q146: Units of stock ownership in a corporation
Q147: The fee a stockbroker charges for assisting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents