Question: Problem 16-10 Finding Total Return [LO16-4] Assume that one year ago you bought 120 shares of a mutual fund for $19 per share, you received
Problem 16-10 Finding Total Return [LO16-4] Assume that one year ago you bought 120 shares of a mutual fund for $19 per share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $27. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round Intermediate calculations. Round your answer to 2 decimal places.) Total dollar return
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