Solution :
The formula for calculating the Total Return on an Investment is
Total Return = [ Sale price + Dividend earned during the period + Capital gain earned during the period – Purchase Price ]
Calculation of purchase price:
As per the information given in the question we have
200 shares were purchased for $ 23 per share
Thus purchase price = No. of shares * Price per share
= 200 * $ 23
Thus purchase price = $ 4,600
Calculation of Sale price:
As per the information given in the question we have
200 shares were sold for $ 29 per share
Thus sale price = No. of shares * Sale price per share
= 200 * $ 29
Thus Sale price = $ 5,800
Calculation of Dividend earned during the three year period :
As per the information given in the question we have
Dividend per share received over a period of three years = $ 0.92 per share
Total No .of shares = 200
Total Dividend Income earned = Dividend per share received over a period of three years * Total No. of shares
= $ 0.92 * 200
= $ 184
Dividend Income earned during the three years = $ 184
Calculation of Total capital gains distribution earned during the three year period :
As per the information given in the question we have
Total capital gains distribution per share = $ 0.80
Total No .of shares = 200
Total capital gains distribution earned = Total capital gains distribution per share * Total No .of shares
= $ 0.80 * 200
= $ 160
Total capital gains distribution earned = $ 160
Applying the above information in the formula we have
= $ 5,800 + $ 184 + $ 160 - $ 4,600
= $ 1,544
Thus the total return on the Investment = $ 1,544
three years ago James Madison bought 200 shares of a mutual fund $23 a share 23....
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