Question: Problem 16-12 Finding Total Return [LO16-4] Assume that one year ago, you bought 210 shares of a mutual fund for $2.4 per share and that
Problem 16-12 Finding Total Return [LO16-4] Assume that one year ago, you bought 210 shares of a mutual fund for $2.4 per share and that you received an income dividund of $0.31 cents per share and a capital gain distribution of $1.04 per share during the past 12 months. Also nssume 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. Note: Do not round intermediate calculations. Round your answer to 2 decimal places
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