Last year at this time a mutual fund had an nav of 1320 per


Last year at this time, a mutual fund had an NAV of $13.20 per share. Over the past year the fund paid dividends of $0.80 per share and had a capital gains distribution of $1.20 per share. An investor who holds 600 shares of this fund decides to reinvest the dividends and capital gains distribution at an average NAV of $13.80. What is the current value of this investment assuming that the current NAV is $14.42? (Round off to the nearest $ amount.)

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Financial Management: Last year at this time a mutual fund had an nav of 1320 per
Reference No:- TGS01570413

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