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

question 41

Essay

RACE Mutual fund is a no-load fund that had a net asset value of $25.60 1 year ago. Today, the net asset value (NAV)is $28.83. During the year, dividends of $0.72 were paid out, and a capital gain distribution of $0.65 was made. Calculate the approximate yield for RACE. (Show all work.)

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Definitions:

Current Approach

The present method or strategy being used to tackle a situation or solve a problem.

Clean Water Act

is a primary federal law in the United States governing water pollution, aiming to restore and maintain the chemical, physical, and biological integrity of the nation's waters.

Water Pollution

The contamination of water bodies such as lakes, rivers, oceans, and groundwater caused by harmful substances being discharged into them.

Main Responsibility

The primary duty or obligation that an individual or entity is expected to fulfill.