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erik [133]
3 years ago
10

Assume that one year ago you bought 130 shares of a mutual fund for $17 per share, you received a capital gain distribution of $

0.80 per share during the past 12 months, and the market value of the fund is now $21.
Calculate the total 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.)
Business
1 answer:
3241004551 [841]3 years ago
8 0

Answer:

$624

Explanation:

First we have to calculate the total return per share and then we will multiply it by 130 shares.

Initially we invested $17 per share and we are to sell it at $21, that means we are earning $4 per share plus the $0.80 distribution we received during the year, our total gain per share = $4.80

total return for the investment = $4.80 per share x 130 shares = $624

the total rate of return for this investment would be $626 / ($17 x 130) = 28.24%

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Based on the fact that Dimitri owns stock in a company in the United States which is publicly traded, he is a stockholder which makes him an <u>owner </u>of the corporation.

<h3>What is Dimitri to the company?</h3>

Dimitri is considered to be an owner of the company because owning a share in a company means that you have ownership rights to their stock.

This is called equity ownership and it is the type of ownership that is seen with publicly traded companies such as the one that Dimitri bought shares in.

Because he is a shareholder and therefore an owner, Dimitri has the right to attend annual general meetings and voice his opinion. He also stands to make a capital gain if the share price of the corporation rises.

In conclusion, Dimitri is an owner.

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Explanation:

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