1. Calculate the fund’s equivalent compound annual rate of return over the entire 54 9/12 years.
2. What was the equivalent compound annual rate of inflation during the entire period? 3. What was the fund’s real compound annual rate of return over the entire period? 4. From the chart, we can estimate that the original $10,000 investment was worth about $400,000 in November of 1984. Compare the fund’s performance before this date to its performance after this date. That is, compare the fund’s compound annual rates of return before and after November 30, 1984.