di Panning exercise 9 Calculating approximate return on a mutual fund About a year ago, Eric Robertson bought some shares in the Diamond Mountain Mutual Fund. He bought the fund at $25.50 a share, and it now traces at $26.30. Last year, fund paid dividends of $0.72 a share and had capital gains distributions of $2.50 share. Assume that the mutual fund distributed the vidends and capital gainst the end of the year Using the approximate yield formula, what rate of return did tric earn on his Investment Round the answer to two decimal places. Repeat the calculation using a handheld financial calculator. Round the answer to two decimal places % What rate of return would he have earned if the stock had risen to $30 a share? round the answer to two decimal place, firade it Now Save & Continue Sontinue