Probleman investor purchases a mutual fund share for 100, Ask an Expert

Accounting

Problem:

An investor purchases a mutual fund share for $100. The fund pays dividends of $5, distributes a capital gain of $6, and charges a fee of $4 when the fund is sold one year later for $109.

Required:

Question: What is the net rate of return from this investment?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167479

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