Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share. The fund distributed cash dividends of $0.90 and capital gains of $1.60 per share. If the net asset value of the fund is currently $24.45, what was your annual return on the investment? Round your answer to two decimal places. % If the value of the shares had been $21.40, what would have been your annual return? Round your answer to two decimal places.
Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share. The fund distributed cash dividends of $0.90 and capital gains of $1.60 per share. If the net asset value of the fund is currently $24.45, what was your annual return on the investment? Round your answer to two decimal places. % If the value of the shares had been $21.40, what would have been your annual return? Round your answer to two decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Problem 17-05 Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share. The fund distributed cash dividends of $0.90 and % If the value of the shares had been $21.40, what would have been your annual return? Round your answer to two decimal places.
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