Assume that one year ago, you bought 320 shares of a mutual fund for $22...
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Finance
Assume that one year ago, you bought 320 shares of a mutual fund for $22 per share and that you received an income dividend of $0.17 cents per share and a capital gain distribution of $0.22 cents per share during the past 12 months. Also assume the market value of the fund is now $24 a share. Calculate the total return for this investment if you were to sell it now.
(Do not round intermediate calculations. Round your answer to 2 decimal places.)
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