Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During

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Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During the three-year period, he received total income dividends of $0.92 per share. He also received total capital gain distributions of $0.80 per share. At the end of three years, he sold his shares for $29 a share. What was his total return for this investment?

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

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

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