An investor buys shares in a mutual fund for 10 per share, Financial Management

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An investor buys shares in a mutual fund for 10 per share

An investor buys shares in a mutual fund for 10 per share. At the end of the year the fund distributes a dividend of $0.67, and after the distribution the net asset value of a share is $11.12. What would be the investor’s percentage return on the investment? Round your answer to two decimal places. please show work.

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Financial Management: An investor buys shares in a mutual fund for 10 per share

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Financial Management: An investor buys shares in a mutual fund for 10 per share

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