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

question 12

Essay

RACE Mutual fund is a no-load fund that had a net asset value of $25.60 one 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:

Restorative Care Center

A facility focused on rehabilitation and recovery, aiming to restore a patient's health and functioning.

Discharge Planner

A healthcare professional who assists patients with the coordination of healthcare and community services in preparation for leaving a hospital or medical facility.

IV Antibiotics

Medications administered intravenously to treat infections, allowing for rapid delivery into the bloodstream.

Antihypertensive Medications

Drugs used to lower high blood pressure and reduce the risk of heart disease and stroke.