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

question 71

Essay

RACE Mutual fund is a no-load fund that had a net asset value (NAV) of $25.60 1 year ago. Today, the 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:

Sensory Input

Information received by the senses (sight, sound, smell, taste, and touch) that is then sent to the brain for processing.

Primary Motor Cortex

A section of the cerebral cortex tasked with the planning, control, and initiation of voluntary movements.

Primary Somatosensory Cortex

The primary area of the brain responsible for processing somatic sensations, such as touch, temperature, pain, and proprioception.

Homunculus

Representation of the human body in the sensory or motor cortex; also any topographical representation of the body by a neural area.