Investor purchased 200 shares of mutual funds for 13.60 per share. During the following 12-month period?

Question

The shares were sold at the end of the 12-month period for $14.23 per share. The dollar amount of total return is ___.

a. $126

b. $160

c. $172

d. $286

Answer 1

do you really not have access to a calculator or something?

this is like 3rd grade material.  how hard is subtraction and multiplication?

Answer 2

(a), if there was no commissions to be paid. Assume it was a No-Load fund

Answer 3

It depends whether the mutual fund also distributed capital gains, dividends, or interest during that year.  For many funds that is a significant amount of total return not reflected in price alone.

Answer 4

A. $126