Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 1 3 - 1 0 Finding Total Return [ LO 4 ] Assume that one year ago you bought 1 5 0 shares of

Problem 13-10 Finding Total Return [LO4]
Assume that one year ago you bought 150 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.)Problem 13-10 Finding Total Return [LO4]
Assume that one year ago you bought 150 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.)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions