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Approximate yield question
A year ago, the BR Growth Fund was being quoted at an NAV of $31.55 and an offer price of $33.06; today, it’s being quoted at $33.00 (NAV) and $35.44 (offer). Use the approximate yield formula to find the rate of return on this load fund; it was purchased a year ago, and its dividends and capital gains distributions over the year totaled $1.20 a share
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