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Assume that one year ago, you bought 220 shares of a mutual fund for $25 per share and that you received an income dividend
Assume that one year ago, you bought 220 shares of a mutual fund for $25 per share and that you received an income dividend of $0.32 cents per share and a capital gain distribution of $1.05 cents per share during the past 12 months. Also assume the market value of the fund is now $27.50 a share. Calculate the percentage of total return for your $5,500 investment. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Percent of total return %
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