Assume that one year ago, you bought 120 shares of a mutual fund for $33 a share,
Question:
Assume that one year ago, you bought 120 shares of a mutual fund for $33 a share, you received a $0.60 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $38 a share.
a. Calculate the total return for your $3,960 investment.
b. Calculate the percentage of total return for your $3,960 investment.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a Total return for this investment was 672 as illustrated below There were no income ...View the full answer
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Related Book For 
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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