Author Question: You purchased 5,000 shares of a mutual fund at an offer price of 7.99 per share. Several months ... (Read 76 times)

strangeaffliction · **on:** Jun 24, 2018

You purchased 5,000 shares of a mutual fund at an offer price of 7.99 per share. Several months later you sold the shares for 6.22 per share. During the time you owned the shares, the fund paid a dividend of 0.40 per share. What was your return on investment? (Round to nearest tenth of a percent)

Question 2

Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Refer to Narrative 11-1. Simon invests 19,500, at 9 interest, compounded annually for 11 years. Calculate the compound amount for his investment.
A) 41,578.53
B) 59,622.88
C) 40,793.88
D) 50,318.39