Question: Problem 16-12 Finding Total Return (L016-4] Assume that one year ago, you bought 170 shares of a mutual fund for $28 per share and that
Problem 16-12 Finding Total Return (L016-4] Assume that one year ago, you bought 170 shares of a mutual fund for $28 per share and that you received an income dividend of $0.14 cents per share and a capital gain distribution of $0.28 cents per share during the past 12 months. Also assume the market value of the fund is now $31 a share. 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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