Three years ago, Bill Crandall purchased 500 shares in the Vanguard Dividend Growth fund—a Morningstar five-star fund that invests in corporations that are currently paying dividends and is a fund that will provide a steady stream of dividend income. His rationale for choosing this fund was that he wanted a fund that was conservative and highly rated. Each share in the fund cost $22. At the end of the three years, he received income dividends and capital gain distributions that total

$3.62 a share for the three-year period. At the end of three years, the shares in the fund were selling for $27.

a. How much did Mr. Crandall invest in this fund?

b. At the end of three years, what is the total return for this fund?

c. What is the percentage of total return?