You purchased 1,000 shares of a mutual fund at an offer price of $13.28 per share. Several months later you sold the shares for $14.62 per share. During the time you owned the shares, the fund paid a dividend of $0.69 per share. What was your return on investment? Round to the nearest tenth. %

You purchased 1,000 shares of a mutual fund at an offer price of $13.28 per share. Several months later you sold the shares for $14.62 per share. During the time you owned the shares, the fund paid a dividend of $0.69 per share. What was your return on investment? Round to the nearest tenth. %

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

Problem 1PS

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You purchased 1,000 shares of a mutual fund at an offer price of $13.28 per share. Several months later you sold the shares for
$14.62 per share.
During the time you owned the shares, the fund paid a dividend of $0.69 per share. What was your return on investment? Round
to the nearest tenth.
%

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