Assume that one year ago, you bought 120 shares of a mutual fund for $31 a share,
Question:
Assume that one year ago, you bought 120 shares of a mutual fund for $31 a share, you received a capital gain distribution of $0.82 per share during the past 12 months, and the market value of the fund is now $36 a share.
a. Calculate the total return for your $3,720 investment.
b. Calculate the percentage of total return for your $3,720 investment.
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Step by Step Answer:
a Total return for this investment was 69840 as illustrated below There were no income ...View the full answer
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