khandon9603 khandon9603

19-12-2022
Business

Answered

Assume that one year ago, you bought 400 shares of a mutual fund for $31 a share, you received a capital gain distribution of $0.55 per share during the past 12 months, and the market value of the fund is now $35 a share.
a. Calculate the total return for your $12,400 investment.
b. Calculate the percentage of total return for your $12,400 investment. (Enter your answer as a percent rounded to 2 decimal places.)

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