About a year ago nigel palmer bought some shares in the, Ask an Expert

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About a year ago, Nigel Palmer bought some shares in the Equity Partners Mutual Fund. He bought the stock at $25.00 a share, and it now trades at $26.00. Last year the fund paid dividends of 60 cents a share and had capital gains distributions of $2.70 a share.

Using the approximate yield formula, what rate of return did Nigel 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.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92712256

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