Question
1. Assume that one year ago you bought 160 shares of a mutual fund for $20 per share, you received a capital gain distribution of
1. Assume that one year ago you bought 160 shares of a mutual fund for $20 per share, you received a capital gain distribution of $1.05 per share during the past 12 months, and the market value of the fund is now $26. Calculate the total return for this investment if you were to sell it now.
2. Assume that one year ago you bought 220 shares of a mutual fund for $19 per share, you received a capital gain distribution of $0.95 per share during the past 12 months, and the market value of the fund is now $21, Calculate the percentage of total return for your $4,180 investment. |
3. Assume that one year ago, you bought 120 shares of a mutual fund for $25 per share and that you received an income dividend of $0.25 cents per share and a capital gain distribution of $0.34 cents per share during the past 12 months. Also assume the market value of the fund is now $31 a share. Calculate the total return for this investment if you were to sell it now.
4. Assume that one year ago, you bought 170 shares of a mutual fund for $28 per share and that you received an income dividend of $0.14 cents per share and a capital gain distribution of $0.28 cents per share during the past 12 months. Also assume the market value of the fund is now $31 a share. Calculate the percentage of total return for your $4,760 investment.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started