A closed-end investment company is currently selling for $10 and you purchase 100 shares. During the year,

Question:

A closed-end investment company is currently selling for $10 and you purchase 100 shares. During the year, the company distributes $0.75 in dividends. At end of the year, you sell the shares for $12.03. The commission on each transaction is $50. What percentage return do you earn on the investment?