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luda_lava [24]
3 years ago
9

Three years ago, James Matheson bought 300 shares of a mutual fund for $23 a share. During the three-year period, he received to

tal income dividends of 0.70 per share. He also received total capital gain distributions of $0.80 per share during the three-year period. At the end of three years, he sold his shares for $26 a share. What was his total return for this investment
Business
2 answers:
pochemuha3 years ago
7 0

Answer:

1350

Explanation:

(300 x 0.70) + (300 x 0.80) + (300 x 26)

= 210+240+7800

=8250

8250- (300 x 23)

8250-6900 = $1350

Therefore his total return for this investment is 1350

Vesnalui [34]3 years ago
7 0

Answer:

$1,350

Explanation:

his total returns per share = (sales price - purchase price) + dividends received + capital gains distributions received = ($26 - $23) + $0.70 + $0.80 = $4.50 per share

total returns of the investment = total number of shares x total returns per share = 300 shares x $4.50 per share = $1,350

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<h3>How to find the net cash flow?</h3>

The net cash flow for Green Company from its various transactions and using the perpetual inventory system can be found by the formula:

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Aleks [24]

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10% of exam score

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