Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLS show WORKING Assignment #6 i Saved Problem 13-10 Finding Total Return [LO4] 5 Assume that one year ago you bought 120 shares of a
PLS show WORKING
Assignment #6 i Saved Problem 13-10 Finding Total Return [LO4] 5 Assume that one year ago you bought 120 shares of a mutual fund for $19 per share, you received a $0.60 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $24. Ignoring tax, calculate the total return for this investment if you were to sell it now. (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Return on Investment % 2 points 03:19:11 ReferencesStep 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