FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

assume that 1 year ago, you bought 480 shares of a mutual fund for $34 a share, you received a capital gain distribution of $.50

assume that 1 year ago, you bought 480 shares of a mutual fund for $34 a share, you received a capital gain distribution of $.50 per share during the past 12 months, and the market value of the fund is now $38 a share.

calculate the percentage of total return for your $16,320 investment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Business

International Business

Authors: Ricky W. Griffin, Michael W. Pustay

9th Edition

013489877X, 978-0134898773

Students also viewed these Accounting questions

Question

★★★★★
How does a rational consumer allocate time among competing uses?

Answered: 1 week ago

Question

★★★★★
What is the transformation that might be used to cure a nonconstant variation problem suggested by a residual plot?

Answered: 1 week ago

Question

★★★★★
The Filling Department of Savannah Lotion Company had 3,000 ounces in beginning work in process inventory (60% complete). During the period, 40,400 ounces were completed. The ending work in process...

Answered: 1 week ago

Question

★★★★★
how to calculate future value

Answered: 1 week ago

Question

★★★★★
Question 12 Use the spinner below to find the probability of getting the following number after 1 spin. 12 11 2 10 A 8 5 7 6 P(odd) = (Round to 4 decimal places) Submit

Answered: 1 week ago

Question

★★★★★
Find five interesting facts in Tables 1.4 and 1.5. DATA FROM TABLE 1.5 TABLE 1.4 Broad Categories of Exports of Selected Countries, 2010 SITC Code Product United United States Germany Japan China...

Answered: 1 week ago

Question

★★★★★
Use Table 1.1 to find three countries that have gone from being mostly closed to being open from 1980 to 2009. Also, find three countries where the reverse has happened. What has been the implication...

Answered: 1 week ago

Question

★★★★★
Use the data in Table 6.7 to compare U.S. protectionist policies with those of Japan. In what sectors are protection levels relatively equal? Where do they differ? Try to explain these patterns....

Answered: 1 week ago

Question

★★★★★
Customer demand for some finished good is forecast at 1,000 units for January, 2,000 units for February, and 3,000 units for March. If the company that produces this finished good has nothing in...

Answered: 1 week ago

Question

★★★★★
Consider the random phasor sum of Section 2.9 with the single change that the phases \(\phi_{k}\) are uniformly distributed on \((-\pi / 2, \pi / 2)\). Find the following quantities: \(\bar{r},...

Answered: 1 week ago

Previous Question Next Question