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Lilit [14]
3 years ago
9

Assume that one year ago, you bought 160 shares of a mutual fund for $27 per share and that you received an income dividend of $

0.08 cents per share and a capital gain distribution of $0.14 cents per share during the past 12 months. Also assume the market value of the fund is now $25 a share. Calculate the percentage of total return for your $4,320 investment.
Business
1 answer:
jonny [76]3 years ago
4 0

Answer:

Percentage of total return = 7.93%

Explanation:

As per the data given in the question,

Number of share = 160

Value = $27 per share

Gain distribution = $0.14 cent per share

Market value of fund = $25 per share

Total return for investment = $0.14 × 160 + ($27 - $25) × 160

= $342.5

The value of total return  percentage = $0.14 × 160 + ($27 - $25) × 160 ÷ (160 × $27)

= 0.0793

=7.93%

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<h3>Ending Equipment balance</h3>

Using this formula

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