Here is the per-share performance record of the Stars Growth-and-Income fund for 2019 and 2020: Use this
Question:
Here is the per-share performance record of the Stars Growth-and-Income fund for 2019 and 2020:
Use this information to find the rate of return earned on this fund in 2019 and in 2020. What is your assessment of the investment performance of this fund for this time period?
Transcribed Image Text:
1. Net asset value, beginning of period: 2. Income from investment operations: 3. Net investment income $1.39 4. Net gains on securities (realized and unrealized) 8.10 5. Total from investment operations $9.49 6. Less distributions: 7. Dividends from net investment income 2020 $58.60 8. Distributions from realized gains 9. Total distributions 10. Net asset value, end of period: ($0.83) (2.42) (3.25) $64.84 2019 $52.92 $1.35 9.39 $10.74 ($1.24) (3.82) (5.06) $58.60
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Using the RATE function from ExcelRATE132558606484 1619 At th...View the full answer
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Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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