You purchased 3,000 shares of a mutual fund at an offer price of $7.10 per share. Several months later you sold the shares for $8.45 per share. During the time you owned the shares, the fund paid a dividend of $0.29 per share. What was your return on investment? (Round to the nearest tenth)
A. 16.0%
B. 19.0%
C. 23.1%
D. ?16.0%
Answer: C
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