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Three years ago, James Matheson bought 350 shares of a mutual fund for $23 a share. During the three-year period, he received total income dividends
Three years ago, James Matheson bought 350 shares of a mutual fund for $23 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 during the three-year period.
At the end of three years, he sold his shares for $26 a share. What was his total return for this investment?
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