12. Finding Total Return. Assume that one year ago, you bought 200 shares of a mutual fund...

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12. Finding Total Return. Assume that one year ago, you bought 200 shares of a mutual fund for $21 per share, you received an income distribution of $0.11 cents per share and a capital gain distribution of $0.32 cents per share during the past 12 months. Also assume the market value of the fund is now $22 a share. Calculate the total return for this investment if you were to sell it now. (Obj. 4)

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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