Assume that one year ago you bought 100 shares of a mutual fund for $33.25 per share, you received a $ 0.45 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $40.55. Calculate the total return for this investment if you were to sell it now.

Assume that one year ago you bought 100 shares of a mutual fund for $33.25 per share, you received a $ 0.45 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $40.55. Calculate the total return for this investment if you were to sell it now.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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Assume that one year ago you bought 100 shares of a mutual fund for $33.25 per share, you received a $
0.45 per-share capital gain distribution during the past 12 months, and the market value of the fund is
now $40.55. Calculate the total return for this investment if you were to sell it now.

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