Posted by **Francine** on Wednesday, June 18, 2008 at 6:24pm.

Mrs. Butler bought 1,800 shares of Stairwell Mutual Fund at an offer price of $3 per share. She later sold the shares at a net asset value of $4.60 per share.During the time Mrs. Butler owned the shares, Stairwell Mutual Fund paid a dividend of $0.80 per share.What is Mrs. Butler's return on investment?

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