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24) Assume that one year ago, you bought 240 shares of a mutual fund for $25 per share and that you received an income dividend
24) Assume that one year ago, you bought 240 shares of a mutual fund for $25 per share and that you received an income dividend of
$0.32 cents per share and a capital gain distribution of $105 per share during the past 12 months. Also assume the market value of the
fund is now $27.50 a share. Calculate the total return for this investment if you were to sell it now.
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