Assume that one year ago you bought 100 shares of a mutual fund for $33.55 per share, you received a $0.43 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $41.15. Calculate the percentage of total return for you $3,355 investment. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Percent of total return %
Assume that one year ago you bought 100 shares of a mutual fund for $33.55 per share, you received a $0.43 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $41.15. Calculate the percentage of total return for you $3,355 investment. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Percent of total return %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Assume that one year ago you bought 100 shares of a mutual fund for $33.55 per share, you received a $0.43 per-share capital gain
distribution during the past 12 months, and the market value of the fund is now $41.15. Calculate the percentage of total return for you
$3,355 investment.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Percent of total return
%
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