Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that one year ago, you bought 270 shares of a mutual fund for $20 per share and that you received an income dividend of
Assume that one year ago, you bought 270 shares of a mutual fund for $20 per share and that you received an income dividend of $0.23 cents per share and a capital gain distribution of $0.38 cents per share during the past 12 months. Also assume the market value of the fund Is now $25 a share. Calculate the percentage of total return for your $5.400 investment. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) ok
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