New Lisbon Laundry's pension fund was worth $30 million at the end of Year 1. On the

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New Lisbon Laundry's pension fund was worth $30 million at the end of Year 1. On the first day of Year 2 the firm made a $2 million contribution to the fund. At the end of Year 2, the pension fund was valued at $38 million. What was the return on the New Lisbon pension fund during Year 2?
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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