9 years ago Clarissa purchased shares in a certain mutual fund at Net Asset Value (NAV) of $52. She reinvested her dividends into the fund, and today she has 7.9% more shares than when she started. If the fund's NAV has increased by 33.4% since her purchase, compute the rate of return on her investment if she sells her shares today.

Round your answer to the nearest tenth of a percen.

Answer rating: 100% (QA)

To calculate the rate of return on Clarissas investment we need to determine the change in the value ... View the full answer