Chapter 13 Exercise 9: Calculating approximate yield on mutual fund. About a year ago, Ramon Navarrete bought some shares in the Sapphire Lake Mutual Fund. He bought the fund at $24.50 a share, and it now trades at $26. Last year, the fund paid dividends of 40 cents a share and had capital gains distributions of $1.83 a share. Using the approximate yield formula, what rate of return did Ramon earn on his investment? Repeat the calculation using a handheld financial calculator. What rate of return would he have earned if the stock had risen to $30 a share