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Assume that one year ago, you bought 380 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $40 a share. a. Calculate the total return for your $13,680 investment. Total return b. Calculate the percentage of total return for your $13,680 investment. (Enter your answer as a percent rounded to 2 decimal places.) Percent of total return

Assume that one year ago, you bought 380 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $40 a share. a. Calculate the total return for your $13,680 investment. Total return b. Calculate the percentage of total return for your $13,680 investment. (Enter your answer as a percent rounded to 2 decimal places.) Percent of total return

Essentials Of Investments
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
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Assume that one year ago, you bought 380 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $40 a share. a. Calculate the total return for your $13,680 investment. Total return b. Calculate the percentage of total return for your $13,680 investment. (Enter your answer as a percent rounded to 2 decimal places.) Percent of total return
Transcribed Image Text:Assume that one year ago, you bought 380 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $40 a share. a. Calculate the total return for your $13,680 investment. Total return b. Calculate the percentage of total return for your $13,680 investment. (Enter your answer as a percent rounded to 2 decimal places.) Percent of total return
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