You purchased 500 shares in a mutual fund for $32 NAV. You elected the dividend reinvestment plan and had all dividend and capital gains distributions reinvested in additional shares. You just closed your account and sold 550 shares for $48 NAV
What was your total return on this investment?
A) 24.03%
B) 34.29%
C) 50.86%
D) 65.00%
Answer: D
Business
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