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kirill115 [55]
2 years ago
4

Assume that one year ago you bought 100 shares of a mutual fund for $13.50 per share, you received a $0.42 per-share capital gai

n distribution during the past 12 months, and the market value of the fund is now $17. Calculate the total return for this investment if you were to sell it now. (Do not round intermediate calculations. Round your answer to the nearest whole dollar.)
Business
1 answer:
tekilochka [14]2 years ago
3 0

Answer:

The total return for this investment if you were to sell it now is 29.04%

Explanation:

The total return on the investment=total share capital gain+Total value now-Total value one year/total value one year

Total share capital gain=$0.42*100=$42

Total value now=$17*100=$1,700

Total value one year ago=$13.50*100=$1,350

Total return on the mutual fund=($42+$1700-$1,350)/$1350

Total return on the mutual fund=$392 /$1350=29.04%

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