What is her percentage rate of return?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Jessica had 600 shares of G Fund on January 1. The shares had
a value of $22.35. During the year she received $1,080 in
dividends and $1,620 in capital gains distributions. Jessica used
the funds to purchase new shares at an average price of $18 per
share. By the end of the year the shares declined to $15.83 per
share. What is her percentage rate of return?
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