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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