Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Exercise 145

Kyle Pressman purchased 800 shares of Three Sisters Value fund for an offer price of $6.90 per share. He later sold the shares at a net asset value of $8.60 per share. During the time he owned the shares, the fund paid dividends of $0.24 and $0.38 per share. What is Kyle's return on investment