One year ago, Christos bought 1,100 units of the Dominion Aggressive Growth Fund at $20.40 per unit. Today a unit's value is $19.20. During the year, the fund made a distribution of $0.50 per unit. On this investment, what is Christos's income yield? (Round your answer to two decimal places.)

One year ago, Christos bought 1,100 units of the Dominion Aggressive Growth Fund at $20.40 per unit. Today a unit's value is $19.20. During the year, the fund made a distribution of $0.50 per unit. On this investment, what is Christos's income yield? (Round your answer to two decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

One year ago, Christos bought 1,100 units of the Dominion Aggressive Growth Fund at $20.40 per unit. Today a unit's value is $19.20.

During the year, the fund made a distribution of $0.50 per unit.

On this investment, what is Christos's income yield? (Round your answer to two decimal places.)

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