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Assume that one year ago, you bought 270 shares of a mutual fund for $20 per share, you received an income distribution of $0.23 cents per share and a capital gain distribution of $0.38 cents per share during the past 12 months. Also assume the market value of the fund is now $25 a share. Calculate the total dollar 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.)

Please round two decimal places

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91549407

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