Solved: An investor buys shares in a mutual fund for 20 per share, Cost Accounting

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An investor buys shares in a mutual fund for 20 per share

An investor buys shares in a mutual fund for $20 per share. At the end of the year the fund distributes a dividend of $0.58, and after the distribution the net asset value of a share is $23.41. What would be the investor's percentage return on the investment?

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Cost Accounting: An investor buys shares in a mutual fund for 20 per share

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Cost Accounting: An investor buys shares in a mutual fund for 20 per share

Reference No:- TGS0816639

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