What rate of return did nigel earn on his investment

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Reference no: EM131883909

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.

Reference no: EM131883909

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