What rate of return did ramon earn on his investment

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Reference no: EM132063811

About a year ago, Ramon Navarrete bought some shares in the Saphire Lake Mutual Fund. He bought the fund at $25.80 a share, and it now trades at $26.30. Last year the fund paid dividends of 51 cents a share and had capital gains distributions of $1.03 a share.

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

Would he have made a 20% rate of return if the stock had risen to $30 a share?
-Select-YesNo

Reference no: EM132063811

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