Using the approximate yield formula, what rate of return did Ramon earn on his investment?

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Using the approximate yield formula, what rate of return did Ramon earn on his investment?

About a year ago, Ramon Navarrete bought some shares in the Saphire Lake Mutual Fund. He bought the fund at $25.50 a share, and it now trades at $26.30. Last year the fund paid dividends of 72 cents a share and had capital gains distributions of $2.50 a share. Using the approximate yield formula, what rate of return did Ramon earn on his investment?

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Round the answer to two decimal places. 15.52 %

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Repeat the calculation using a handheld financial calculator. Round the answer to two decimal places. ______%

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?

Using the approximate yield formula, what rate of return did Ramon earn on his investment?