Three years ago, James Matheson bought 200 shares of a mutual fund for $29 a share. During

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Three years ago, James Matheson bought 200 shares of a mutual fund for $29 a share. During the three-year period, he received total income dividends of $1.90 per share. He also received total capital gain distributions of $2.80 per share during the three-year period. At the end of three years, he sold his shares for $34 a share. What was his total return for this investment?

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Focus On Personal Finance

ISBN: 9781265521974

7th Edition

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

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