An investor buys shares in a mutual fund for $20. At the end of the year the fund distributes a dividend of $0.53, and after the distribution the net asset value of a share is $24.16. What is the investor's percentage return on the investment? Round your answer to two decimal places.

An investor buys shares in a mutual fund for $20. At the end of the year the fund distributes a dividend of $0.53, and after the distribution the net asset value of a share is $24.16. What is the investor's percentage return on the investment? Round your answer to two decimal places.

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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