Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that one year ago, you bought 2 1 0 shares of a mutual fund for $ 2 4 per share and that you received
Assume that one year ago, you bought shares of a mutual fund for $ per share and that you received an income dividend of $ cents per share and a capital gain distribution of $ per share during the past months. Also assume the market value of the fund is now $ a share. Calculate the percentage of total return for your $ investment.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 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