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About a year ago, Elliot Cox bought some shares in the Axis Fund, He bought the fund at $25.50 a share, and it now trades

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About a year ago, Elliot Cox bought some shares in the Axis Fund, He bought the fund at $25.50 a share, and it now trades at $26.30. Last year, the fund paid dividends of 72 cents a share and had capital gains distributions of $2.50 a share a. Using the approximate yield formula, what rate of return did Eliot earn on his investment? Round the answer to two decimal places. b. Repeat the calculation using a financial calculator. Round the answer to two decimal places. Would be have made a 20% rate of return if the stock had risen to $30 a share

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