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Andy Logan bought 300 shares of a mutual fund for $20 a share two years ago. During the two year period, he received total income
Andy Logan bought 300 shares of a mutual fund for $20 a share two years ago. During the two year period, he received total income dividends of $1 per share. He also received total capital gain distributions of $2 per share. At the end of two years, he sold the shares for $30 a share.
Compute each of the following:
1. Capital gain distributions
2. Change in share value (gain on sale)
3. Dollar amount of total return
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