Question
Problem 13-12 (LO13.4) Assume that one year ago, you bought 440 shares of a mutual fund for $31 a share, you received a $0.60 per-share
Problem 13-12 (LO13.4)
| Assume that one year ago, you bought 440 shares of a mutual fund for $31 a 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 $35 a share. |
| a. | Calculate the total return for your $13,640 investment. |
| Total return | $ |
| b. | Calculate the percentage of total return for your $13,640 investment. (Enter your answer as a percent rounded to 2 decimal places.) |
| Percent of total return | % |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
