Dane purchased 3000 shares of a mutual fund at an offer, Financial Management

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Dane purchased 3000 shares of a mutual fund at an offer

Dane purchased 3000 shares of a mutual fund at an offer price of $6.03 per share. Later, he sold the investment for $3.64 per share. During the time Dane owned the shares, the fund paid a dividend of $0.52 per share. What was his return on investment?

A. -31.0%

B. -37.1%

C. +44.3%

D. +41.2%

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Financial Management: Dane purchased 3000 shares of a mutual fund at an offer

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Financial Management: Dane purchased 3000 shares of a mutual fund at an offer

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