RACE Mutual Fund Is a No-Load Fund That Had a Net

question 52

Essay

RACE Mutual fund is a no-load fund that had a net asset value one year ago of $25.60.Today the NAV is $28.83.During the year dividends of $0.72 were paid out and a capital gains distribution of $0.65 was made.Calculate the approximate yield for RACE.(Show all work.)

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Definitions:

Prejudice

A negative prejudgment about a person or group that is irrational, long-lasting, and not based on fact.

Assimilation

The process through which individuals or groups adopt the cultural norms of another group, often losing their original identity or culture.

Cultural Identities

The identity or feeling of belonging to a group, influenced by one’s culture, encompassing language, traditions, customs, and shared beliefs.

Racial Diversity

The inclusion of individuals representing more than one national, cultural, or ethnic background within a community or organization.