at the beginning of last year Thomas purchased 200 shares of the web.com fund at
ID: 2716123 • Letter: A
Question
at the beginning of last year Thomas purchased 200 shares of the web.com fund at an NAV of $26.00 and automatically reinvested all distributions. As a result of reinvesting Thomas ended the year with 265 shares of the fund with an NAV of $32.20. What was his total return for the year on this investment? at the beginning of last year Thomas purchased 200 shares of the web.com fund at an NAV of $26.00 and automatically reinvested all distributions. As a result of reinvesting Thomas ended the year with 265 shares of the fund with an NAV of $32.20. What was his total return for the year on this investment? at the beginning of last year Thomas purchased 200 shares of the web.com fund at an NAV of $26.00 and automatically reinvested all distributions. As a result of reinvesting Thomas ended the year with 265 shares of the fund with an NAV of $32.20. What was his total return for the year on this investment?Explanation / Answer
Shares purchase= 200*26=5200
end of the year shares=265*32.20=8533
Total return on investment= 8533-5200=$3333.
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