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Please provide each step. Thank you Problem 16-13 Finding Percentage of Total Return (LO16-4] Assume that one year ago, you bought 260 shares of a
Please provide each step. Thank you
Problem 16-13 Finding Percentage of Total Return (LO16-4] Assume that one year ago, you bought 260 shares of a mutual fund for $19 per share and that you received an income dividend of $0.14 cents per share and a capital gain distribution of $0.24 cents per share during the past 12 months. Also assume the market value of the fund is now $15 a share. Calculate the percentage of total return for your $4,940 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.) Percent of total returnStep by Step Solution
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