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Three years ago, James Matheson bought 380 shares of a mutual fund for $31 a share. During the three-year period, he received total income dividends
Three years ago, James Matheson bought 380 shares of a mutual fund for $31 a share. During the three-year period, he received total income dividends of 0.50 per share. He also received total capital gain distributions of $1.40 per share. At the end of three years, he sold his shares for $37 a share. What was his total return for this investment?
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