Question: A Mutual Funds Net Asset Value (NAV) (10 pts.) PLEASE SHOW YOUR WORK CLEARLY. Suppose that a few months ago you purchased a given number

A Mutual Funds Net Asset Value (NAV) (10 pts.) PLEASE SHOW YOUR WORK CLEARLY.

Suppose that a few months ago you purchased a given number of shares of a mutual fund at the funds Net Asset Value (NAV) which, at that time, was $2.34. What would the yield on your investment be if you were to sell your shares today at todays NAV?

Below is this mutual funds relevant information as of today.

Cash..$426,700

Accrued fees and other liabilities.. $216,900

Current market value of holdings of stocks....$15,192,000

Shares outstanding. 7,500,000

Current market value of holdings of bonds. $3,348,200

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