Author Question: Mary Jacobs invested 10,000 in a no-load mutual fund with a net asset value of 14.28. She later sold ... (Read 68 times)

jayhills49 · **on:** Jun 24, 2018

Mary Jacobs invested 10,000 in a no-load mutual fund with a net asset value of 14.28. She later sold the shares at a net asset value of 15.22 per share. During the time Mary owned the shares, the fund paid a dividend of .25 per share. What was Mary's rate of return on this investment? (Round to the 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. Roby invests 18,700, at 8 interest, compounded quarterly for 8 years. Calculate the compound amount for his investment.
A) 35,241.09
B) 25,671.17
C) 65,600.54
D) 64,065.08