Suppose that a few months ago you purchased a given number of shares of a mutual fund at the fund's 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 today's NAV? 

Below is this mutual fund's 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

Answer rating: 100% (QA)

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