12. Assume that one year ago, you bought 120 shares of a mutual fund for $33 a...

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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.

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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