Question
Problem 13-11 (LO13.4) Three years ago, James Matheson bought 250 shares of a mutual fund for $24 a share. During the three-year period, he received
Problem 13-11 (LO13.4)
| Three years ago, James Matheson bought 250 shares of a mutual fund for $24 a share. During the three-year period, he received total income dividends of 0.70 per share. He also received total capital gain distributions of $0.80 per share. At the end of three years, he sold his shares for $28 a share. What was his total return for this investment? |
| Total return | $ |
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
