Question

Assume that one year ago, you bought 100 shares of a mutual fund for $22 per share and that you received an income dividend of $0.22 cents per share and a capital gain distribution of $0.40 cents per share during the past 12 months. Also assume the market value of the fund is now $29 a share. Calculate the percentage of total return for your $2,200 investment. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Percent of total return

%

Answer 1

He bought ి 1 yeav Bni tal investret 00 shanesx 2 Penshane 2,200 Past 12 momi He a eceivexd in come dividerd o.22 Pen shone 0.12 X 100sanes So, tDtal dividad -) 22 and Capital dishibuhe 0.40 Pen tane Jain dishi buta join so, total opital O.40 100 skoes 40 TDtal income ece'ived 22 +40 62 $ noket value yeaw end 24 d investant is value closty 100 shane x29 -) 2,900

closiq valuerihal imcone veceived Reton imertat inveshrad x 100 nitial investhed 62 2900 2,200 x J00 2,200 62 2,200 => 34. 63 63 6363 6 deciraly 34.64 / kYou aurded to 2