Exam 13: Investing in Mutual Funds, Etfs, and Real Estate

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RACE Mutual fund is a no-load fund that had a net asset value of $25.60 1 year ago. Today, the net asset value (NAV)is $28.83. During the year, dividends of $0.72 were paid out, and a capital gain distribution of $0.65 was made. Calculate the approximate yield for RACE. (Show all work.)

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The conversion privilege allows investors to switch from one mutual fund to another within a:

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For tax purposes, real estate is considered an active investment.

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