Michele purchased 100 units of an Equity Mutual Fund 3 years ago for $40 per unit. During the three years she received $3 per share in dividend distributions, $2 per share in capital gain distributions, and capital gains of $100 when she sold the fund at the end of three year period. What is the return over the holding period? Show your calculations.
Michele purchased 100 units of an Equity Mutual Fund 3 years ago for $40 per unit. During the three years she received $3 per share in dividend distributions, $2 per share in capital gain distributions, and capital gains of $100 when she sold the fund at the end of three year period. What is the return over the holding period? Show your calculations.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Michele purchased 100 units of an Equity Mutual Fund 3 years ago for $40 per unit. During the three
years she received $3 per share in dividend distributions, $2 per share in capital gain distributions, and
capital gains of $100 when she sold the fund at the end of three year period. What is the return over
the holding period? Show your calculations.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6169c230-b028-4aaf-9ae6-b7bb292599a9%2Fb8c90ac4-bfd8-4d51-b3d1-e0b7eae8dd8e%2Foczmt9k_processed.png&w=3840&q=75)
Transcribed Image Text:Michele purchased 100 units of an Equity Mutual Fund 3 years ago for $40 per unit. During the three
years she received $3 per share in dividend distributions, $2 per share in capital gain distributions, and
capital gains of $100 when she sold the fund at the end of three year period. What is the return over
the holding period? Show your calculations.
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