Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share

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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.

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Related Book For  answer-question

Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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