Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started