Solved

Mary Jacobs Invested $10,000 in a No-Load Mutual Fund with a Net

Question 142

Short Answer

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents