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. (Do not round intermediate calculations. Round your answer to the nearest whole dollar.)

The total return for this investment if you were to sell it now is 29.04%

Explanation:

The total return on the investment=total share capital gain+Total value now-Total value one year/total value one year

Total share capital gain=$0.42*100=$42

Total value now=$17*100=$1,700

Total value one year ago=$13.50*100=$1,350

Total return on the mutual fund=($42+$1700-$1,350)/$1350

Total return on the mutual fund=$392 /$1350=29.04%

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