Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. assume that one year ago you bought 100 shares of

Assume that one year ago you bought 100 shares of a mutual fund for $33.40...

80.2K

Verified Solution

Question

Finance

Assume that one year ago you bought 100 shares of a mutual fund for $33.40 per share, you received a $0.48 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $40.85. Calculate the total return for this investment if you were to sell it now.

Note: Do not round intermediate calculations.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

O https www webassign net web Student Ass Data set A The annual wages of...

Medical Sciences
1.2K views

Name and lists the zones of the metaphysis from epiphysis to diaphysis

Biology
1.2K views

The cells walls of fungi are reinforced with O cellulose Oct lignin

Physics
1.2K views

Two parallel metallic plates each of area A are kept as shown in the figure...

Physics
1.2K views

What is the capacitance of the capacitor of square plates of area A Shown in...

Basic Math
1.2K views

A study reports that 61 of Americans support increased funding for public schools If 3...

Calculus
1.2K views

You go to the doctor and he gives you 17 milligrams of radioactive dye After...

Accounting
1.2K views

The unadjusted trial balance for Fashion First as December 31 is provided on the trial...

Accounting
1.2K views

Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales...

Accounting
1.2K views

Following is the transaction for Raleys Company to fund their 401k pension plan. Paid Fidelity...

Accounting
1.2K views

Please explain ...

Finance
1.2K views

Adamson Corporation is considering four average-risk projects with the following costs and rates of return:...