An investor pays a NAV per share of 7.74 and purchases 100 shares in the...
80.2K
Verified Solution
Link Copied!
Question
Finance
An investor pays a NAV per share of 7.74 and purchases 100 shares in the Zebra Fund. After several months the NAV per share has dropped to 6.80 per share, however the fund still earned 0.75 per share in dividend income. What was the investors return on this investment?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!