Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that one year ago, you bought 280 shares of a mutual fund for $35 a share, you received a capital gain distribution of $0.55

image text in transcribed
Assume that one year ago, you bought 280 shares of a mutual fund for $35 a share, you received a capital gain distribution of $0.55 per share during the past 12 months, and the market value of the fund is now $40 a share. a. Calculate the total return for your $9,800 investment. b. Calculate the percentage of total return for your $9,800 investment. (Enter your answer as a percent rounded to 1 decimal place.)

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

Public Finance In Theory And Practice

Authors: Holley Ulbrich

1st Edition

0324016603, 978-0324016604

More Books

Students also viewed these Finance questions