12. Assume that one year ago, you bought 120 shares of a mutual fund for $33 a...
Question:
12. Assume that one year ago, you bought 120 shares of a mutual fund for $33 a share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $38 a share. (LO13.4)
a. Calculate the total return for your $3,960 investment.
b. Calculate the percentage of total return for your $3,960 investment.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Focus On Personal Finance
ISBN: 9781259919657
6th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted: