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2) Give the following data for Fund X: Date 1/1/96 12/31/96 1/1/97 2/31/97 1/1/98 12/31/98 NAV $20 $18 $18.10 $21 $21 $23 Distribution $3.00 $0.95
2) Give the following data for Fund X: Date 1/1/96 12/31/96 1/1/97 2/31/97 1/1/98 12/31/98 NAV $20 $18 $18.10 $21 $21 $23 Distribution $3.00 $0.95 $0.45 Compute the arithmetic and geometric mean annual return for Fund X. Interpret the results. (25 pts)
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