Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. at the beginning of last year, thomas purchased 20

At the beginning of last year, Thomas purchased 200 shares of the Web.com Fund at...

90.2K

Verified Solution

Question

Finance

image

At the beginning of last year, Thomas purchased 200 shares of the Web.com Fund at an NAV of $35.91 and automatically reinvested all distributions. As a result of reinvesting, Thomas ended the year with 266 shares of the fund with an NAV of $41.99. What was his total return for the year on this investment? Thomas' total return for the year on this investment was %. (Round to two decimal places.)

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!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Question 8 Find the domain and range of the function f x 4x 3 The...

Finance
1.2K views

Shinedown, Inc., wishes to maintain a growth rate of 12 percent per year and a debt–equity...

Chemistry
1.2K views

Calculate the concentrations of all species present (H2CO3, HCO−3, CO2−3, H3O+ and OH−) in 0.017 M...

Medical Sciences
1.2K views

Explain how flow through a blood vessel is determined. Explain what a “pressure difference” is and...

Basic Math
1.2K views

Calculate the weekly return for BIT and construct a histogram in Excel. Does the data on...

Physics
1.2K views

State the representation with no spaces between numbers A Question 8 1 point What is...

Geometry
1.2K views

What is the name of an investment that pools money from many investors in order...

Accounting
1.2K views

Concord Corporation produces 5000 units of part A12E. The following costs were incurred for that...

Accounting
1.2K views

please show all steps Work...

Accounting
1.2K views

ABC Company will issue $6,800,000 in 8%, 10-year bonds when the market rate of interest...

Accounting
1.2K views

ook Int onces On March 1, Year 1, a company paid an $18,000 premium on...

Accounting
1.2K views

SAT. S 115. Accounting terminology Listedbelow are eight technical accounting terms introduced in this chapter:...