Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your mutual fund is a no-load fund that had a net asset value of $25.60 last year. Today the NAV is $28.60. During the year

Your mutual fund is a no-load fund that had a net asset value of $25.60 last year. Today the NAV is $28.60. During the year dividends of $1.5 were paid out and a capital gains distribution of $0.65 was made. Approximately, what s the yield for your fund?

27.3

16.9 percent

11.45

18.92 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fixed Income Securities Tools For Todays Markets

Authors: Bruce Tuckman, Angel Serrat

3rd Edition

0470891696, 978-0470891698

More Books

Students also viewed these Finance questions

Question

What is a Self-Reflective Essay

Answered: 1 week ago