Donald Yates purchased 400 shares of Adco Mutual Fund for an offer price of $3.28. He later sold the shares at a net asset value of $5.16 per share. During the time Donald owned the shares, Adco paid a dividend of $.23 three times. What was Donald's return on his investment? (Round to the nearest tenth of a percent)

78.4%

Business

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Fill in the blank(s) with correct word.

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The contract rate on adjustable rate loans is equal to the index rate plus the margin

Indicate whether the statement is true or false

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