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18 August, 00:29

Three years ago, James Matheson bought 300 shares of a mutual fund for $23 a share. During the three-year period, he received total income dividends of 0.70 per share. He also received total capital gain distributions of $0.80 per share during the three-year period. At the end of three years, he sold his shares for $26 a share. What was his total return for this investment

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  1. 18 August, 01:40
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    1350

    Explanation:

    (300 x 0.70) + (300 x 0.80) + (300 x 26)

    = 210+240+7800

    =8250

    8250 - (300 x 23)

    8250-6900 = $1350

    Therefore his total return for this investment is 1350
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