Question
A no-load mutual fund starts the year with $317 million in net assets and 21 million shares outstanding. It ends the year with $343 million
A no-load mutual fund starts the year with $317 million in net assets and 21 million shares outstanding. It ends the year with $343 million in net assets, and 27 million shares outstanding. The fund made dividend distributions of $1.4 per share and capital gains distributions of $1 per share during the year. What was the rate of return on the fund for the year?
Enter answer in percents, accurate to two decimal places.
A fund has $102 million dollars of assets, $31 million of liabilities, and 15 million shares outstanding. During the year the fund made dividend distributions of $2.5 per share. What was the dividend yield?
Enter answer in percents, accurate to two decimal places.
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