FAANG Mutual fund is a no-load fund that had a net asset value of $25.60 1 year
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Question:
- FAANG Mutual fund is a no-load fund that had a net asset value of $25.60 1 year ago. Today, the net asset value (NAV) is $29.83. During the year, dividends of $0.72 were paid out, and a capital gain distribution of $0.65 was made.
- Calculate the yield for FAANG.
- Show your work
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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