menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance Study Set 14
  4. Exam
    Exam 14: Mutual Funds: an Easy Way to Diversify
  5. Question
    You Purchased 100 Shares of Gibraltar Strength Fund for $12
Solved

You Purchased 100 Shares of Gibraltar Strength Fund for $12

Question 98

Question 98

Multiple Choice

You purchased 100 shares of Gibraltar Strength Fund for $12.75 per share.Its current NAV is 18.75 per share.There was a total of $0.25 in dividends and $0.75 in capital gains distributed.What is your total return?


A) 32.00%
B) 37.33%
C) 47.06%
D) 54.90%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q93: Net asset value is determined by taking

Q94: What are the tax liabilities concerning investing

Q95: For your investment program,you have occasionally been

Q96: Money market mutual funds have check writing

Q97: Mutual funds provide an inexpensive way for

Q99: With target retirement funds the only decision

Q100: What sources of information does Art Keown,your

Q101: Why are stock mutual funds so popular?

Q102: Why is it important to determine what

Q103: Principle 8 tells us that diversification reduces<br>A)risk.<br>B)costs.<br>C)profitability.<br>D)earnings.<br>E)none

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines