Assume that one year ago, you bought 270 shares of a mutual fund for $20 per sha
ID: 2776691 • Letter: A
Question
Assume that one year ago, you bought 270 shares of a mutual fund for $20 per share, you received an income distribution of $0.23 cents per share and a capital gain distribution of $0.38 cents per share during the past 12 months. Also assume the market value of the fund is now $25 a share. Calculate the total dollar return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Assume that one year ago, you bought 270 shares of a mutual fund for $20 per share, you received an income distribution of $0.23 cents per share and a capital gain distribution of $0.38 cents per share during the past 12 months. Also assume the market value of the fund is now $25 a share. Calculate the total dollar return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Explanation / Answer
$ Value of Investments purchased 5400 Income Distribution 62.1 Capital Gain Distribution 102.6 Total Cost of Investment 5564.7 Sale Value of Investment 6750 $ Dollar Return for Investment 1185.3 $