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?

Return on investment = 50%

Explanation:

Return on Investment is the proportion of investment cost  that an investor earns as as return in dollar

For a mutual fund= total return in dollar/investment cost

                             = (48-32)× 500/(500× 32)  × 100

                            =50%

Note that the gains in dollar is the difference between the selling price at the end and the selling price at the beginning.

my economy is bad lots of people are poor and lots of people are jobless and homeless

answer: 11/12

step-by-step explanation: 4 1/4 and 3 1/3 is equivalent to 4 3/12 and 3 4/12. 4 3/12 - 3 4/12 =11/12