Assume that one year ago, you bought 120 shares of a mutual fund for $31...

80.2K

Verified Solution

Question

Finance

image
Assume that one year ago, you bought 120 shares of a mutual fund for $31 a share, you received a capital gain distribution of $0.82 per share during the past 12 months, and the market value of the fund is now $36 a share. a. Calculate the total return for your $3,720 investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Calculate the percentage of total return for your $3,720 investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)

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