Three years ago, James Matheson bought 200 shares of a mutual fund for $21 a share. During

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Three years ago, James Matheson bought 200 shares of a mutual fund for $21 a share. During the three-year period, he received total income dividends of 0.70 per share. He also received total capital gain distributions of $1.40 per share. At the end of three years, he sold his shares for $25 a share. What was his total return for this investment? (Obj.4)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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