Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that one year ago, you bought 1 0 0 shares of a mutual fund for 3 3 . 7 0 per share and that

Assume that one year ago, you bought 100 shares of a mutual fund for 33.70 per share and that you received an income dividend of $0.46 cents per share and a capital gain distribution of $0.36 cents per share during the past 12 months. Also assume the market value of the fund is now $41.45 a share. Calculate the total return for this investment if you were to sell it now.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Behavioral Finance And Wealth Management

Authors: Michael M. Pompian

2nd Edition

1118014324, 978-1118014325

More Books

Students also viewed these Finance questions

Question

Briefly explain the purposes of adjustments.

Answered: 1 week ago

Question

Describe how to get and give criticism effectively.

Answered: 1 week ago