Gene Peterson purchased 200 shares in the no-load Fidelity Growth Company Fund a Morningstar five-star fund that seeks capital appreciation. His rationale for choosing this fund was that he wanted a fund that was highly rated. Each share in the fund cost $110. At the end of the year, he received dividends of $0 and a capital gain distribution of $8. At the end of 12 months, the shares in the fund were selling for $118. How much did Mr. Peterson invest in this fund? At the end of 12 months, what is the total return for this fund?  What is the percentage of total return? 

 

Answer rating: 100% (QA)

Mr Peterson invested in the Fidelity Growth Company Fund by purchasing 200 shares at 110 per share T... View the full answer