smartangel88
Feb 12, 2008, 11:14 AM
Leona purchased 1,200 shares of the Lakeview Mutual Fund at an offer price of $4.20 per
share. She later sold the shares at a net asset value of $4.95 per share. During the time
Leona owned the shares, Lakeview paid a dividend of $0.42 per share. What is her return
on investment?
A. 27.9% C. 10.7%
B. 17.9% D. 3.6%
I really need help with this question... don't know how to solve it
share. She later sold the shares at a net asset value of $4.95 per share. During the time
Leona owned the shares, Lakeview paid a dividend of $0.42 per share. What is her return
on investment?
A. 27.9% C. 10.7%
B. 17.9% D. 3.6%
I really need help with this question... don't know how to solve it