One year ago, $13,000 was invested in units of a mutual fund. The units paid a distribution
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One year ago, $13,000 was invested in units of a mutual fund. The units paid a distribution of $260 during the year, but the mutual fund units are now worth only $11,400. What has been the
a. Income yield?
b. Capital gain yield
c. Rate of total return?
Determine yields and rates of return to the nearest 0.01%. Calculate dollar amounts accurate to the cent.
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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