Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share and that you received an income dividend of $0.31 cents per share and a capital gain distribution of $104 per share during the past 12 months. Also assume the market value of the fund is now $26.50 a share. Calculate the total return for this investment if you were to sell it now. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share and that you received an income dividend of $0.31 cents per share and a capital gain distribution of $104 per share during the past 12 months. Also assume the market value of the fund is now $26.50 a share. Calculate the total return for this investment if you were to sell it now. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share and that you received an income dividend of
$0.31 cents per share and a capital gain distribution of $1.04 per share during the past 12 months. Also assume the market value of the
fund is now $26.50 a share. Calculate the total return for this investment if you were to sell it now.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Answer is complete but not entirely correct.
Total dollar return
79380 C
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