You invested in the​ no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at the net asset value of ​$19.44 per share. The fund distributed dividends of $1.88 and capital gains of ​$2.12. ​Today, the NAV is ​$21.36. What was your holding period​ return?

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
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You invested in the​ no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at the net asset value of ​$19.44 per share. The fund distributed dividends of $1.88 and capital gains of ​$2.12. ​Today, the NAV is ​$21.36. What was your holding period​ return?

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