Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that one year ago, you bought 270 shares of a mutual fund for $25 per share and that you received an income dividend of

image text in transcribed

Assume that one year ago, you bought 270 shares of a mutual fund for $25 per share and that you received an income dividend of $0.18 cents per share and a capital gain distribution of $0.26 cents per share during the past 12 months. Also assume the market value of the fund is now $27 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.) 10 eBook Total dollar return

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

Microfinance Handbook An Institutional And Financial Perspective

Authors: Joanna Ledgerwood

1st Edition

0821343068, 978-0821343067

More Books

Students also viewed these Finance questions