distribution during the past 12 months, and the market value of the fund is now $41.55. Calculate the percentage of tot $3,375 investment. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Percent of total return. %

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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Assume that one year ago you bought 100 shares of a mutual fund for $33.75 per share, you received a $0.47 per-share capital gain
distribution during the past 12 months, and the market value of the fund is now $41.55. Calculate the percentage of total return for your
$3,375 investment.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Percent of total return
%
Transcribed Image Text:Assume that one year ago you bought 100 shares of a mutual fund for $33.75 per share, you received a $0.47 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $41.55. Calculate the percentage of total return for your $3,375 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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