You purchased 1000 shares of a mutual fund at an offer price of $13.88 per share. Several months later you sold the shares for $14.42 per share during the time you owned the shares the fund paid a dividend of $0.61 per share. What was the return on the investment round to the nearest tenth.

You purchased 1000 shares of a mutual fund at an offer price of $13.88 per share. Several months later you sold the shares for $14.42 per share during the time you owned the shares the fund paid a dividend of $0.61 per share. What was the return on the investment round to the nearest tenth.

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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Formula Formula ROI (%) = Net Income Principal Amount × 100

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