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One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per unit. ...

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One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per unit. ...

One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per unit. Today a unit's value is $19.10. During the year, the fund made a distribution of $0.40 per unit. Accurate to the nearest 0.01%, determine Christo's: a) Income yield. b) Capital gain yield. c) Rate of total return.

Textbook

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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More solutions for this book are available here

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Anonymous

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Help! The answer is missing an explanation...

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Anonymous

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3 months ago

Here's a similar question (with different numbers) and its solution:

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One year ago, Christos bought 1,000 units of the Dominion Aggressive Growth Fund at $20.75 per unit. Today a unit’s value is $19.50. During the year, the fund made a distribution of $0.50 per unit.

On this investment, what is Christos’s total return in dollars? (Round your answer to two decimal places. Negative answer should be indicated by minus sign.)

Total return $____

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Help! The answer is missing an explanation...

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