Personal Finance 1st Edition by Jack R. Kapoor

Exercise 29

Finding Total Return. Assume that one year ago, you bought 100 shares of a mutual fund for $13.50 per share, you received a $0.42 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $17. Calculate the total return for this investment if you were to sell it now.

Step 1 of 6

One year ago, 100 shares of mutual fund were purchased. Price of the share at that time is $13.50. The amount of capital gain received during the last year is $0.42. The fund can be sold at the price of $17 per share.