Answered step by step
Verified Expert Solution
Question
1 Approved Answer
assume that one year ago you bought 180 shares of a mutual fund for $24 per share and that you received an income dividend of
assume that one year ago you bought 180 shares of a mutual fund for $24 per share and that you received an income dividend of $0.16 per share and a capital gain distribution of $0.25 per share during the past 12 months. also assume the market value of the fund is now $20 a share. Calculate the total return for this investment if you were to sell it now.
Assume that one year ago, you bought 180 shares of a mutual fund for $24 per share and that you received an income dividend of $0.16 cents per share and a capital gain distribution of $0.25 cents per share during the past 12 months. Also assume the market value of the fund is now $20 a share. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) 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