Gain Calculation
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Posted by Art Neill on June 12, 2003 at 09:11:01:
There is discrepancy between the gain amounts provided by my broker Legg Mason Wood Walker (LM) and the gain reported in Fund Manager (FM). The difference occurs because of the way Cost is interpreted. Cost for LM is the sum of all the purchases + reinvested distributions. Gain is therefore Sum of all Purchase Costs including reinvested distributions. You do not include reinvested distributions in your costs. Why?
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