Finding Total Return. Assume that one year ago you bought 100 shares of a mutual fund for
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Finding Total Return. Assume that one year ago you bought 100 shares of a mutual fund for $13.50 per share, you received a $0.42 pershare capital gain distribution during the past 12 months, and the market value of the fund is now $17. Calculate the total return for this investment if you were to sell it now.
LO16-4
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