You purchased 100 shares of Gibraltar Strength Fund for $20.50 per share.As a result of distribution reinvestment you currently own 120 shares with a NAV of $22.75 per share.What is your total return?

Question

Quizplus · Accepted Answer

The initial investment was 100 shares at $20.50, totaling $2050. The current value is 120 shares at $22.75, totaling $2730. The total return is calculated as ((2730 - 2050) / 2050) * 100 = 33.17%.

You Purchased 100 Shares of Gibraltar Strength Fund for $20