Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share
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Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share and that you received an income dividend of $0.31 cents per share and a capital gain distribution of $1.04 per share during the past 12 months. Also assume the market value of the fund is now $26.50 a share.
Calculate the total return for this investment if you were to sell it now.
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Initial investment 210 shares 24share 5040 Income dividends 210 shares 031share 6510 Capital ...View the full answer
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Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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