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Problem 16-13 Finding Percentage of Total Return [LO16-4] Assume that one year ago, you bought 240 shares of a mutual fund for $27 per share

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Problem 16-13 Finding Percentage of Total Return [LO16-4] Assume that one year ago, you bought 240 shares of a mutual fund for $27 per share and that you received an income dividend of $0.19 cents per share and a capital gain distribution of $0.33 cents per share during the past 12 months. Also assume the market value of the fund is now $30 a share. Calculate the percentage of total return for your $6,480 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 return

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