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 $20 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 $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

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

Financial Management An Introduction

Authors: Jim McMenamin

1st Edition

0415181623, 9780415181624

More Books

Students also viewed these Finance questions

Question

Explain all drawbacks of the application procedure.

Answered: 1 week ago

Question

Determine Leading or Lagging Power Factor in Python.

Answered: 1 week ago

Question

3 What are the four major aspects of an organisation culture?

Answered: 1 week ago

Question

2 What does the term organisation culture mean?

Answered: 1 week ago