QUESTIONS Assume you invested $10,000 in the no-load Vanguard Dividend Yield fund. You paid NAV, which at that time was $65.55 per share. At year-end, Vanguard paid taxable distributions to shareholders of $2.50. After the distributions the NAV was $64.95. What is your rate of return? -1.8 96 1.8 % QUESTION 9 You are a retail customer at a large, retail investment firm. When you buy and sell stock in your account, you probably pay Sales loads and management fees O Brokerage commission and sales loads Sales loads and 12-b-1 fees O Brokerage commission and bid-ask spread QUESTION 10 Financial intermediaries that help to issue securities and raise capital are... Security exchanges Investment companies O Investment banks O Securities dealers