Question: Using Approximate Yield with Mutual Funds The formula for approximate yield of an investment can look intimidating, but it's just a function of three things:

Using Approximate Yield with Mutual Funds
The formula for approximate yield of an investment can look intimidating, but it's just a function of three things: (1) dividends earned, (2) capital gains distributions received, and (3) change in share price. Based on the information in the table, compute the approximate yield for each of the two funds that follow.
\table[[,Mutual Fund 1,Mutual Fund 2],[Annual dividends and capital gains distributions,$0.95,$2.65
 Using Approximate Yield with Mutual Funds The formula for approximate yield

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