Question: Required: Use the approximate yield formula to compute the rate of return on the investment in Part A and B, respectively. Show your computations to

Required: Use the approximate yield formula to compute the rate of

Required: Use the approximate yield formula to compute the rate of return on the investment in Part A and B, respectively. Show your computations to receive partial credit. For dollar amount, keep two decimal places. For the approximate yields, express them as percentages with three decimal places. b) a Fargo Growth Fund is a load fund. A year ago, it was being quoted at a NAV of $66.50 and an offer price of $72.80; today, it's being quoted at a NAV of $68.36 and an offer price of $74.06. Use the approximate yield formular to calculate the rate of return on this load fund. The dividends and capital gains distributions over the two-year period are totaled at $9.20 per share. (12 marks)

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