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A fund has $829 million dollars of assets, $27 million of liabilities, and 13 million shares outstanding. During the year the fund made qualified dividend distributions of $2.8 per share, long term capital gains distributions of $1.9, and short-term capital gains distributions of $1.6. What is the after-tax distribution yield, if your marginal income tax rate is 35%, and your long term capital gains tax rate (which also applies to qualified dividends) is 15%?

Enter answer in percents, accurate to two decimal places.

Extra: How does that compare with pre-tax yield? What are the criteria for dividends to be "qualified" under current tax laws?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92086467

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