Meryl Janicky,a mutual fund manager,is evaluating the recent performance of the shares of Thames Boats International,a publicly traded company in Great Britain.Ms Janicky's firm has $200,000 invested in Thames Boats and she has gathered the information presented in the following table.What was the return on the security in pounds?
A)7.47%
B)10.50%
C)12.07%
D)16.66%

Question

Meryl Janicky,a mutual fund manager,is evaluating the recent performance of the shares of Thames Boats International,a publicly traded company in Great Britain.Ms Janicky's firm has $200,000 invested in Thames Boats and she has gathered the information presented in the following table.What was the return on the security in pounds? 
A)7.47% 
B)10.50% 
C)12.07% 
D)16.66%

Quizplus · Accepted Answer

To calculate the return on the security in pounds, we need to use the formula: return in pounds = (ending price - beginning price + dividends) / beginning price. 
Using the information from the table, we get: 
(413 - 370 + 4) / 370 = 0.1207 or 12.07% 
Therefore, the correct answer is (C) 12.07%.

Meryl Janicky,a Mutual Fund Manager,is Evaluating the Recent Performance of the Shares