Assume that one year ago, you bought 100 shares of a mutual fund for $15 a share,

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Assume that one year ago, you bought 100 shares of a mutual fund for $15 a share, you received a $0.55 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $17 a share. (Obj.4)

a. Calculate the total return for your $1,500 investment.

b. Calculate the percentage of total return for your $1,500 investment.

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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Question Posted: Jul 23, 2024 07:03 AM

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Assume that one year ago, you bought 100 shares of a mutual fund for $15 a share,

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Focus On Personal Finance

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