Assume that one year ago you bought 150 shares of a mutual fund for $16 per share, you received a capital gain distribution of $1.15 per share during the past 12 months, and the market value of the fund is now $12. Calculate the total 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.) Total dollar return
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Initial investment = 150 shares * $16 per share = $2400 Show more…
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