Mary Jacobs Invested $10,000 in a No-Load Mutual Fund with a Net

question 118

Short Answer

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)

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Definitions:

Expense Ratio

A measure of the total cost of managing and operating a fund, including administrative and management fees, expressed as a percentage of the fund's total assets.

Mutual Fund

This is a fund that amasses capital from numerous investors to make investments in different securities like stocks, bonds, and money market assets.

Turnover Ratio

A financial metric that measures the rate at which an investment or a portfolio of investments is bought and sold over a particular period.

Average Daily Assets

The average value of assets held by an individual or entity over a specified period, calculated by averaging the asset values at the beginning and end of the period.