Alice Olivia had 200 shares of the Quest Fund on
Alice Olivia had 200 shares of the Quest Fund on January 1. The shares had a value of $17.60. During the year she received $90 in dividends and $270 in capital gains distributions. She used the funds to purchase shares at an average price of $18 per share. By the end of the year, the shares were up to $18.50. What is her percentage total return? Use Formula 4–2 on page 103 and round to two places to the right of the decimal point. Recall you first must determine the number of new shares.
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