One year ago, $13,000 was invested in units of a mutual fund. The units paid a distribution

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One year ago, $13,000 was invested in units of a mutual fund. The units paid a distribution of $260 during the year, but the mutual fund units are now worth only $11,400. What has been the

a. Income yield?

b. Capital gain yield

c. Rate of total return?

Determine yields and rates of return to the nearest 0.01%. Calculate dollar amounts accurate to the cent.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:41 AM

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One year ago, $13,000 was invested in units of a mutual fund. The units paid a distribution

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Fundamentals Of Business Mathematics In Canada

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