Question

Tom Aaron had 300 shares of the New Decade Fund on January 1. The shares had a value of $23. During the year he received $150 in dividends and $450 in capital gains distributions. He used the funds to purchase shares at an average price of $25 per share. By the end of the year, the shares were all up to $27. What is the percentage of his total return? Use Formula 4–2 on page 103 and round to two places to the right of the decimal point. Recall that you first must determine the number of new shares.


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  • CreatedSeptember 21, 2015
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