Question
At the end of 2014, the Industrial Alliance (IA) Dividends Fund had the best 10-year compound annual return of any Canadian diversified equity mutual fund.
At the end of 2014, the Industrial Alliance (IA) 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 2005 to 2014 inclusive were 25.51%, 17.48%, 4.38%, -27.37%, 29.91%, 12.47%, -3.35%, 7.84%, 15.22%, and 9.54%, respectively. For 3-year, 5-year, and 10-year periods ended December 31, 2014, what were the fund's equivalent annually compounded returns? Round to the nearest 0.01%.?
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