At the end of 2009, the Industrial Alliance (IA) Group Dividends Fund had the best 10-year compound
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At the end of 2009, the Industrial Alliance (IA) Group Dividends Fund had the best 10-year compound annual return of any Canadian diversified equity mutual fund. During the 10-year period, this fund invested primarily in the shares of large Canadian companies. The fund’s annual returns in successive years from 2000 to 2009 inclusive were 33.5%, 9.2%, 2.2%, 25.8%, 17.9%, 27.9%, 19.7%, 6.3%, -26.0%, and 32.3%, respectively. For 3-year, 5-year, and 10-year periods ended December 31, 2009, what were the fund’s equivalent annually compounded returns?
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Suppose theinitial investment for each holding period was 100 For the last 3yearperiod FV PV 1 i ...View the full answer
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